The founder of Russian bank Tinkoff, Oleg Tinkov, announced that he wanted to launch his own crypto currency for fear of “losing ground”.
In a post on his Facebook account this weekend, ‘TinCoin coin.
“Technologically speaking, I feel like we’re losing our ground”
“TinCoin it’s time to take it out…what do you think? We’re almost ready.”
Tinkov did not provide any further details about the TinCoin he was talking about.. If finalized, it would be the first time a Russian bank has announced its own cryptocurrency.
Tinkoff Bank is a solid member of the cross-industry FinTech Partnership in Russia.. Fintech Partnership focuses on researching promising technologies such as Blockchain.
Some of the major institutions involved in Fintech Partnership are Bank of Russia, Sberbank and VTB, as well as QIWI, an electronic wallet platform.
Recently, many government officials in Russia have been making contradictory statements about Bitcoin. These contradictory statements come mainly from the Russian Ministry of Finance.. While the Ministry had intentions to ban Bitcoin to “ordinary investors” and make it legal for expert investors, these intentions changed after a while and progressed to fully supporting Bitcoin. becoming more aware that blockchain technology is something else. Megafon, one of the largest mobile telecoms in Russia, said in a statement yesterday that it made a total of 500 million Rubles ($ 8.6 million) transactions using blockchain technology.
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