Tinkoff Bank founder Oleg Tinkov announced his intention to launch the bank’s own cryptocurrency, TinCoin.

“We’re losing technological leadership by the minute. It’s time to launch TinCoin. We’re almost ready,” Oleg Tinkov posted on Facebook.

It’s worth mentioning that Oleg Tinkov spoke about the high level of Russian fintech at the 26th Annual International Financial Congress in St. Petersburg in July 2017.

“The level of Russian fintech and banking IT is higher than anywhere in the world. Even the Chinese didn’t manage to create a bank with one office and 6 million clients. It was us, the Russians, and we can be proud of that. If fintech exists, it exists in Russia. I mean Qiwi, Yandex, the Center of Financial Technologies. We should thank the military industrial complex for that, which provides us with engineers, mathematicians, physicists. Russia started fintech, not anyone else in the world,” said Chairman of the Board of Directors of Tinkoff Bank.

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