Norilsk Nickel has plans on releasing cryptocurrencies

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Norilsk Nickel has plans on releasing cryptocurrencies

One of the largest producers of Nickel in the world has announced plans to release stablecoin, provided with mined metals. In the opinion of management of “Norilsk Nickel“, it will help to attract funding.

Token from the “Norilsk Nickel”

“Norilsk Nickel” in the near future will create its own cryptocurrency, which, unlike other amount of cryptocoins will be secured by real assets, said one of the owners of Norilsk Nickel Vladimir Potanin.

“Norilsk Nickel will soon launch stablecoin, provided their metals. This is an attempt to offer the market scriptactive with less volatility than the famous cryptocurrency and more obvious link with the real values”,- Potanin said in an interview to “Kommersant”.

According to Potanin, issue stablein will help the company to attract quick and cheap financing, while traditional project Finance is “complex and expensive procedure”.

“Stablecoin — cheap financing, and we go to a completely new MMC range of investors with very large total capital”, — said Mr. Potanin.

The launch is tentatively scheduled for 2019.

Tryptomer without sanctions

Potanin added that such a measure is one of the ways to protect themselves from sanctions.

“All the digital stories that we have discussed — including protection from sanctions, they create the possibility for more maneuvers. Because Cryptoprotected, well, not all the sanctions are applicable. Digital system is more democratic and less susceptible to them”.

Earlier suggestions to start your own cryptocurrency came from the parliamentarians, who see this as an opportunity to obtain financing amid tightening sanctions from the United States, which practically blocked the access of Russian banks and companies to the international capital market.

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