Speaking at the St. Petersburg International Economic Forum, he additionally commented that Facebook’s stable coin had the potential of acting as an oil trading crypto.
He, however, noted that most digital assets still had substantial developmental issues ahead of them and hurdles that they need overcome if they are to onboard energy giants.
Igor Sechin, the head of the Russian oil conglomerate Rosneft, has hinted that his company might start to pay for oil using cryptocurrencies. Sechin mentioned that there is an increasing global awareness and acceptance of crypto and many Silicon Valley Giants have begun to explore their applications in the energy industry.
Sechin further expounded on these issues by saying:
“Greater flexibility often means greater volatility, and digitalization creates risks for maintaining commercial secrets and leads to the need to create new regulatory mechanisms, additional reservations. Today, technology companies do not have quality answers to these fundamental questions.”
Russia Plans To Depose the USD
Following this exciting developmental Vladislav Ginko, the self-appointed Kremlin mouthpiece on all matters crypto took to twitter saying:
“Today Russia’s big oil boss Igor Sechin (of Rosneft) has said that it’d be possible to accept cryptocurrencies as a mean of payment for oil dispatches. In January Russia’s gonna accumulate Bitcoins for international trade to avoid U.S. sanctions”.