Russian President Vladimir Putin is going against the might of the banks.

The Russian President Vladimir Putin is once again standing up to the global banking elite by protecting the Russian public from the grip of the powerful globalists trying to take control of the Russian people and their hard earned money.

Earlier this year there had been reports that Mr Putin had already begun some preparations to help free Russia from all controlling monetary system that is implemented by the ruthless international banking mogels by attempting to move to a nationalist system based on gold.

At the same time Putin is making his push towards gold, he is trying to set up an unprecedented move into the digital age and freedom potential of cryptocurrency. The Russian leader has also demonstrated that he means business by meeting with the founder of Ethereum Mr Vitalik Buterin.

The banking elites are trying to limit the use of cryptocurrency by dominating the financial markets lile they always have. But Russia and Putin are putting up a fight and sending a strong message to the banks that they will not slaves to the system.

As the United States are trying to hack, dismantle, slow the progress of change and discredit Blockchain technology, Putin is doing the opposite and attempting to implement it into the mainstream.

Putin has said (Quote) “The digital economy isn’t a separate industry, it’s essentially the foundation for creating brand new business models,”
Putin appears be leaning towards using Ethereum because of its performance so far this year and its advantages over other cryptocurrencies. Earlier this year Ehtereum was still trading in the low teens but it has seen a near 3000% growth this year so far. It is also has the potential to maybe pass the kimg of all cryptocurrencies, Bitcoin.

All signs are pointing towards Russia delivering a potentially massive blow to the banking sector and they are looking for the best ways to achieve this, and exlporing the use of gold and cryptocurrency seem to be the path they are taking and are not wasting any time.

Russia’s central bank has already testing a Ethereum-based blockchain in pilot project to process online payments and verify customer data with lenders including Sberbank PJSC.

While central banks all across the world are attempting to circumvent the decentralization of cryptocurrencies, they have remained vigilant because of the peer to peer nature of the transactions and the security of the blockchain.

It is important to note that Russia’s move to adopt an Ethereum based currency will not be without it's flaws. It should still be subject to the some regulations implemented by the Russian government. But it is a beginging of what could and should have revolutionary implications to Russia and the world in general.

Vlad Martynov, an adviser for The Ethereum Foundation, a non-profit organization that backs the cryptocurrency has stated (Quote) “If Russia implements it first, it will gain similar advantages to those the Western countries did at the start of the internet age.”

Despite Russia's enthusiasm there are major forces in the banking industry who are attempting to control the evolution cryptocurrencies and stop it's progress. Infact the Banks are even looking at making their own ‘coins’ which will undoubtedly be more easily accepted by governments, be easily manipulated, and under their total control.

The Bank of England is one such bank moving towards giving power back to the people through cryptocurrencies. The Bank of England has an experimental cryptocurrency in testing stages called RSCoin and is available on many cryptocurrency exchanges.

however RScoin is the opposite of Ethereum and Bitcoin. Its purpose would be to be implemented as a tool to control the state, so the central bank could keep a tight grip on the money supply. In order to try and protect it's citizens in times of economic crisis. But in reality it will gelp to enrich those at the top through its contol and overall manipulation of the monetary system.

The United States would greatly benefit by getting with the times and following in the footsteps of Russia's bold initiative, and move towards adopting and accepting the revolution that is cryptocurrency. Otherwise, If and when the US dollar finally collapses, it will be the American people left holding the bill. a daunting scenario that no one really wants to see.

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