Russia’s Biggest Bank Wants To Adopt Blockchain. Not Bitcoin
Sberbank, the biggest bank in Russia might adopt blockchain technology in the future. The bank plans to join the international consortium R3 and develop blockchain based services. However, as in the case of other international big banks, it doesn't plan to use Bitcoin. “We cooperate with the consortium very closely and watch the direction of blockchain technology. We are studying the documentation and I can't rule out that we will enter. though there's no final decision yet,” said Lev Khasis, the bank’s deputy chairman for Russian daily Kommersant. According to L. Khasis, although....
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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....
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