Russian Tinkoff Bank "Almost Ready" Launches TinCoin, Cryptocurrency Alone

in news •  7 years ago 

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@xiti - At a time when Russian central bank officials questioned whether they should legalize cryptococcus, Tinkoff's bank co-founder, Oleg Tinkov, published a post on his Facebook page where he stated that his bank was "almost ready" to launch its own cryptocurrency, TinCoin.

According to the report, Tinkoff bank was established in 2006 and managed to get a large number of clients in a short period of time due to flexible credit card requirements. In August this year, the bank was among the top two credit card issuers in Russia, with a market share of 11.5% and 8 million issuing credit cards. Its total assets, according to its website, are 215.3 billion rubles ($ 3.71 billion). Banki.ru, Russia's largest financial news portal, named it Bank of the Year 2016.

In his Facebook post, Oleg Tinkov reveals that he has a feeling of "technological leadership" running away, and therefore he feels like a great time to launch TinCoin.

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The banker's post did not reveal much about TinCoin itself and only added that Tinkoff "did not compete with a government bank" with a somewhat ironic answer to a comment. As another answer, Tinkov seems to reveal that he is a tech enthusiast and, perhaps, a fan of cryptocurrency.

In a harsh translation, the banker replied to a comment about customer service stating that he "quickly and quickly got used to good, and demanded even better", and added that he considers Apple founder Steve Jobs a genius.

Oleg Tinkov's initiative to launch TinCoin, if it really does occur, is noteworthy because the official attitude of the Rusiers to the cryptocurrencies has been contradictory. While Deputy Minister of Finance of the country, Alexey Moiseev, has stated that Russia is likely to ban bitcoin payments, Finance Minister Anton Siluanov said, in September, that "no sense to ban cryptocurrencies." He stated:

"The country understands that crypto-crypto is really real.There's no point in banning them, there's a need to set them up."

Oleg Tinkov's post was greeted by various social media users, as some even claimed that they would immediately adopt this crypto. One user gave incentives to the CEO, stating that he got the audience and his technology, and such liquidity would soon be created.

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