Vladimir Putin Is Getting Interested in Bitcoin's Biggest Rival
- Russian president met with founder of cryptocurrency Ethereum
- Country may use Ethereum to create national virtual currency
Adam White, Coinbase vice president and product manager, discusses the boom in digital currencies with Bloomberg's Emily Chang on 'Bloomberg Technology.' (Source: Bloomberg)
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Ethereum, the world’s largest cryptocurrency after bitcoin, has caught the attention of Vladimir Putin as a potential tool to help Russia diversify its economy beyond oil and gas.
Putin met Ethereum founder Vitalik Buterin on the sidelines of the St. Petersburg Economic Forum last week and supported his plans to build contacts with local partners to implement blockchain technology in Russia, according to a statement on Kremlin’s website.