Vladimir Putin wants to dump fiat currency for Cryptocurrency 

Vladimir Putin  seems like he loves the concept of etherum and sees at asa new solution to the outdated banking system that is tired and in desperate need for an uplift. 

 Putin even met with Ethereum founder Vitalik Buterin, and has now his sights set on becoming the first country to operate a national cryptocurrency system instead of  using the traditional banking ways.

Cryptocurrency is boardless, more safe, more secure & offers instant transactions. When you can transact a digital transfer of ownership of any value with a system that is 100% a true source of information via the blockchain technology  and smart contracts that ethereum offer, takes trust to a whole new level.

It is easy to see why Putin maybe interested in the ethereum platform as it is the blockchain of blockchains. Etherum has the power to be the next Internet with Microsoft, Intel, Jp Morgan, Samsung just to name a few all aligning with the platform really speaks for it self. (More about that in another blog to come) 

Ethereum is going to be a world computer and is designed to be able to let anyone design decentralised apps (Dapps for short),smart contracts that will revolutionise every industry in the world.  

Russia are leading the charge to change the banking system and looks like they will be using Cryptocurrency very soon. 

Ethereum really looks like it will be the choice of platform for Russia because of the advanced technology that it offers.  

“The digital economy isn’t a separate industry, it’s essentially the foundation for creating brand new business models,” Putin said.

In short, it looks like Russia has plans to deal a massive blow to the banking class and they are looking for the best ways to go about it — with Gold and Cryptocurrency. Which tthey are wasting no time about moving forward with. 
As Bloomberg reports, Russia’s central bank has already deployed an Ethereum-based blockchain as a pilot project to process online payments and verify customer data with lenders including Sberbank PJSC, Deputy Governor Olga Skorobogatova said at the St. Petersburg event. She didn’t rule out using Ethereum technologies for the development of a national virtual currency for Russia down the road.  

https://www.bloomberg.com/news/articles/2017-06-06/putin-eyes-bitcoin-rival-to-spur-economic-growth-beyond-oil-gas?cmpid=socialflow-twitter-business&utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social 

Russia’s central bank has already deployed an Ethereum-based blockchain as a pilot project to process online payments and verify customer data with lenders including Sberbank PJSC, Deputy Governor Olga Skorobogatova said at the St. Petersburg event. She didn’t rule out using Ethereum technologies for the development of a national virtual currency for Russia down the road.

Last week, Russia’s state development bank VEB agreed to start using Ethereum for some administrative functions. Steelmaker Severstal PJSC tested Ethereum’s blockchain for secure transfer of international credit letters.

“Blockchain may have the same effect on businesses that the emergence on the internet once had — it would change business models, and eliminate intermediaries such as escrow agents and clerks,” said Vlad Martynov, an adviser for The Ethereum Foundation, a non-profit organization that backs the cryptocurrency. “If Russia implements it first, it will gain similar advantages to those the Western countries did at the start of the internet age.”

Times are moving fast and money is changing before our very eyes & If Russia are taking a serious look then so should you. 

The Crypto Pro’s

About The Crypto Pro's (31 Articles)
We are the Crypto Pro's team educating and training people on the new currency & economy t come. There is about to be a major shift in the world that will impact many lives. This is the biggest invention of our lifetime so far & we want to help you understand how it works and how you can benefit from this too. Cryptocurrency & the Blockchain will change the world as we know it. So take your time to go through the training's and articles we are here to help you all the way.

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