The use cases of cryptocurrencies are rising in numbers, and this is ideal for mainstream adoption.
Igor Sechin, the head of Russian oil giant Rosneft and he recently addressed the possibility of the company purchasing oil with cryptos in the future.
On the other hand, he also said that there are some issues regaring digital assets that have to be fixed first.
Buying oil with digital assets
According to a report that has been published by the local news outlet Snob, Sechin revealed that the oil industry’s acceptance and awareness of crypto space are on the rise these days.
According to the report, tech giants from Silicon Valley such as Amazon and Google are starting to explore the energy sector.
Cryptoglobe reveals that Sechin suggested that Facebook’s coin could be used to buy oil by the barrel in the future.
This would happen even if at the moment there are some setbacks in the crypto space that could be keeping energy giants away.
He reportedly said that “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.”
Facebook to announce its coin this month
Speaking of Facebook’s coin, according to the latest reports, the social media giant will be announcing it this month.
It’s been reported that the staffers of the project will be able to be paid in Facebook’s new coin called GlobalCoin.
Besides building its very own digital asset, Facebook is also reportedly planning to allow it to be exchanged for fiat using existing apps such as WhatsApp and Facebook Messenger.
GlobalCoin could become the very first mainstream crypto in the world, considering that WhatsApp has around 1.5 billion active users all over the world and Facebook Messenger has around 1.3 billion.
