Russia’s $18 Billion Man Digs Crypto – Bitcoin, Ethereum, XRP, Litecoin Market Update

The richest man in Russia is going crypto.

Vladimir Potanin, whose net worth is about $18 billion, plans to tokenize the rare metal palladium. As the chairman of the mining company MMC Norilsk Nickel PJSC, Potanin told Bloomberg he’s talking with Swiss authorities to utilize crypto tokens pegged to palladium.

Potanin says he believes digital tokens are the wave of the future, offering many advantages over the current way of doing business.

“People more and more tend to use decentralized networks and platforms that don’t have a main operator. We want to be active participants of this process.”

The tokenization of palladium may be just the beginning. If it works out, the company will consider expanding the concept to other metals in the long run.

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About Howard Mahere

I'm a Bitcoin/Cryptocurrency enthusiast ; motivator; author of "AN IMMIGRANT WITH A PLAN" and a John C Maxwell certified speaker . Happily married to Emely and a father to one son and two daughters. My greatest joy comes from inspiring others to maximize their potential. I feel fulfilled when I bring hope to the hopeless and encouragement to the discouraged. The truth is, we each have a past, and it's either our prison, our excuse OR our springboard to a brighter future. The choice is yours but as for me, I made up my mind a long time ago to use my dysfunctional tough childhood as a stepping stone . The late Zig Ziglar used to say "It's not what happens to you that determines how far you will go in life, it is how you handle what happens to you." This is my story and I am sticking to it!
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