What is Putincoin?
Putincoin is an innovative cryptographic currency from Russia, named after its president Vladimir Putin. In recent months, the coin has become a real insider’s tip and is now widespread outside Russia.
Market capitalisation is already over 4 million US dollars. This value is the sum of all available coins multiplied by the market price. As the latter fluctuates daily, market capitalisation is naturally also subject to constant fluctuations.
Like other cryptocurrencies, Putincoin is experiencing a real boom. The price per unit has recently risen significantly and is close to all-time highs. Cryptocurrency is so popular because it turns the weaknesses of physical currency into a strength and stands for independence and privacy.
According to experts, cryptographic currencies could soon become a serious threat to traditional debit and credit cards, as well as hard cash.
The volume of different currencies in the cryptographic money sector is extraordinarily high. What’s more, an increasing number of retailers are allowing crypto coins as means of payment. The reasons for all of this are quite complex.
Cryptocurrency can not only be sent quickly and easily but also promises a high level of anonymity. Transactions cannot be viewed by third parties thanks to decentralised processing. The state also has no access or authority.
Who is Behind Putincoin?
As the name suggests, the developers of Putincoin are supporters of the Russian president. They see the currency as a recognition of Putin’s achievements and of Russian ingenuity as a whole.
From experiences with other cryptocurrencies, the makers have learned that the security of the currency plays an integral role in its success. For this reason, several innovative mechanisms prevent attacks by domestic and foreign hacker groups.
In addition, the required wallets can be downloaded directly from the provider. A wallet is a kind of deposit that is used to store cryptographic currency, including the Putincoin.
The developers provide users with a common wallet for all current operating systems. Another aspect that contributes to the safety of the coin is that it uses two mining algorithms.
The men behind the coin have already set themselves ambitious goals for the future. Having first focused on the Russian market, they’re now looking to international distribution.
What’s more, supporters of President Putin outside Russia make this a lucrative prospect for many across Europe, the USA and beyond. Sooner or later, the whole world will be able to pay with Putincoin.
What is the Point of Putincoin?
Before it heads to the international market, the coin is intended to help strengthen the Russian economy. As a result of European and American sanctions, the Russian economy is still recovering from a recession.
However, it’s now on the rise and recovering well. This cryptocurrency is helping to confirm and expand this recovery and growth. In addition, it is to be set up parallel to the rouble as Russia’s second currency.
In times of technical innovation, it’s more important than ever to be able to fall back on a stable cryptocurrency. It is already possible to exchange the coins quickly and easily. Despite the idea behind the currency, it does not exclude anyone.
Investments are possible for anyone who has no connections with Russia. In the future, the developers aim to increase the popularity of the coin. Despite its boom, many people have never heard of this cryptocurrency, and are unaware of the advantages of dealing with it.
Experts agree that cryptocurrencies can significantly stabilise an economy in the long term. The Russian currency is now expected to prove this for the first time in a legitimate setting.
Sooner or later, other economies will also be able to benefit. This is a win-win for all involved.
Comparison with Other Cryptocurrencies
Potential investors are certainly interested in what makes this currency more desirable than others. After all, they want to make the right investment decisions to secure the biggest returns.
The Russian cryptocurrency is slightly ahead of the likes of Bitcoin when it comes to investment potential. This can be explained quite simply. In short, Putincoin is still considered an insider’s tip with plenty of potential growth in value to look forward to.
While the likes of Bitcoin near their zenith, the current value of the Russian coin is likely to multiply, and don’t forget, many notable Russians have signalled their support for this project and its aims.
The more fans this cryptocurrency can find, the more popular the currency will become to the average citizen. Ultimately, every cryptocurrency relies on being embraced by a large network of people.
This step is still being secured with Putincoin, however, it’s definitely worthwhile looking into its investment potential. You don’t want to miss out on another period of stratospheric growth.
Putincoin – in Summary
Putincoin was created for two main reasons. First, it’s a project of patriotism, paying homage to its notable president while looking to spread cryptographic currency to the mass market.
Soon, users will no longer have to rely on physical dollars and euros to make transactions. Instead, they’ll be able to shop anonymously and securely using cryptographic currency.
Putincoin is also being developed as a parallel Russian currency, helping strengthen the local economy. However, it is not reserved for Russia alone and can be traded by international users across the globe.
Innovative measures ensure an exceptionally high level of safety, while there’s plenty of potential to exploit.
Alexander Weipprecht is the managing partner of Provimedia GmbH. As a trained IT specialist for application development, he has been advising leading companies on the following topics for more than 10 years: online marketing, SEO and software. Cryptocurrency is becoming increasingly important to businesses and investors. Through Coin Report and Krypto Magazin Germany, Alexander wants to give all people easy access to the subject matter.