Head of Russia’s Largest Investment Bank – Those that don’t deal with Blockchain today, will end up in the Stone Age in 20-30 years

Based on a video released in late December 2019 by Vicenews, Russia is seriously considering blockchain. So much so that the head of Russia’s Largest Investment Bank, Sergey Gorkov, has invested in a familiar person we all know, Vitalik Buterin.

Nothing should be considered investment or financial advice. Enjoy the ride.

Russia Signs Deal For Blockchain

Sergey Gorkov, head and chairman of the VNESHECONOM Bank, is currently leading Russia’s largest state investment bank. The bank was hit with hard sanctions back in the Obama administration in 2014. Although, Sergey may have found a work around for these sanctions. Blockchain seems to be the answer.

Due to this new push toward a decentralized currency that would displace the dollar, Sergey signed a deal with Vitalik in support of a new blockchain research institute.

Another purpose to the deal is to have commercial banks realize that traditional banking activity may not stay forever. As he puts it, blockchain is on the rise. Where the banks cease to exist in the current form, the future way of banking will arise.

Those that don’t deal with Blockchain today, will end up in the Stone Age in 20-30 years. -Sergey Gorkov

Vitalik in Russia

First before any of this could be achieved, Sergey had to schedule a meeting with the hero of IT, Vitalik.

Therefore In late 2019, Vitalik Buterin was riding around apart of Russia being treated like a king. They pulled out all of the stops from private cars to red carpets. Russia realized the potential game changer set before them.

More than that, Vitalik is by blood Russian although he was raised in Canada. As far as the mother land is concerned, he is a Russian prophesy come to life. A prodigal son of sorts that has finally returned home. Therefore, they are not holding back on going after his talent and influence.

Vitalik Meets Putin

While the meeting between Putin and Vitalik is not in the video, the reporter does quickly ask the question,

“What was it like to meet Putin? What did he want?”

To my surprise, Vitalik seemed taken back by this question. It took him little time to respond, but it seemed almost as if he was recalling an intense encounter. As if he did not want to remember it or think about the weight of the meeting.

Vitalik summarized it quickly basically saying,

“Putin will do whatever it takes to strengthen the Russian Economy.”

Clearly, this means Putin is looking to strengthen the country by whatever means necessary, and luckily in this case it could be through utilizing blockchain. Vitalik also commented on the fact that he had the time to give Putin an overview of the Ethereum project and what he was creating. Being that Russia almost banned cryptocurrency all together, it seems Putin got the message.

Russia Wants Autonomous Currency

Most people would agree at this point that Russia wants blockchain and cryptocurrency to succeed. There are a few reasons for this.

Mainly, offering a cryptocurrency would serve to bolster their economy through progressive trade, but also it would serve to undermine the power of the dollar from interfering in international trade. This would likewise reduce the effect of sanctions the U.S could impose and the ones currently on Russia.