Russia’s Largest Bank Sberbank ‘Confident’ It Will Be Among First to the Blockchain

Russia’s Largest Bank Sberbank ‘Confident’ It Will Be Among First to the Blockchain

Russia’s largest bank Sberbank expects to join the international consortium R3 alongside Goldman Sachs, JP Morgan, Credit Suisse, among others, to develop blockchain-powered financial services, according to kommersant.ru. But while the technology can make the bank’s operations more efficient, it may also help reduce dependency on the internal SWIFT....


Related News

Russia’s Largest Bank Adopts Blockchain, Develops App for Conversational Commerce

In the heart of Silicon Valley which booms with innovation, Russia’s largest bank, Sberbank has announced the developing and testing of a new mobile application for conversational commerce - Sberbank Messenger. Increasing consumer engagement. Sberbank has developed Sberbank Messenger which represents a multifunctional platform for communications and financial transactions. The platform allows seamless interaction between several categories of users, including personal communication and business - all under one roof and available as an app for mobile devices. CoinTelegraph spoke with a team....

Anonymous Allegedly Hacks Sberbank, Russia’s Largest Bank

Hacktivist collective Anonymous has allegedly breached the systems of one of the largest financial institutions in Russia, Sberbank. The attackers announced on social media they have published thousands of emails, phone numbers, and addresses. Anonymous Hackers Reportedly Gain Access to Sberbank Database Decentralized hacking group Anonymous claims to have hacked Sberbank. A Twitter account associated with the collective, @YourAnonOne, announced the attack earlier this week, noting the institution is the largest bank in the Russian Federation and the region of Eastern....

Russia’s Sberbank Denies Involvement in Recently Launched ‘Sbercoin’

Sberbank, the largest bank in the Russian Federation, has denied connection to a new cryptocurrency called “sbercoin.” The project is offering high returns to buyers of the token, which was launched shortly after Bank of Russia allowed Sberbank to issue digital currencies. Sbercoin Traded on Pancakeswap Exchange, Not Issued by Sberbank A crypto project called Sbercoin.Finance has been promising investors up to 383,025.80% fixed annual percentage yield (APY) on the money they put into a token allegedly linked to Sberbank, Russia’s majority state-owned and largest....

Russia’s Biggest Bank Sberbank Unveils Crypto Plans to Follow Upcoming Regula...

The largest bank in Russia, the state-owned Sberbank, has reportedly unveiled its crypto plans as the country is set to begin regulating the industry in January. Sberbank’s CEO says the bank may issue its own cryptocurrency in collaboration with JPMorgan. Sberbank’s Crypto Plans and Sbercoin The CEO of Sberbank, Herman Gref, unveiled on Monday his bank’s plans for when the country’s upcoming crypto regulation takes effect. Gref explained that the law “On digital financial assets” will enter into force in Russia on Jan. 1. It provides a legal definition....

Russia’s Largest Bank & a Federal Agency Launch a Blockchain Project for Document Exchange

Sberbank, Russia’s largest bank by assets and the Federal Antimonopoly Service of the Russian Federation (FAS Russia) have launched a blockchain pilot for the encrypted exchange of documents. The blockchain binge doesn’t quit, especially in Russia. Just a week after the Russian central bank and prominent banks like Sberbank announced the successful testing of a blockchain prototype among major banks in the country, Sberbank has revealed yet another blockchain endeavor. This time, the bank has partnered with FAS Russia, to pilot a blockchain project called the “Digital Ecosystem”, according....