Russia’s Sberbank Openly Shows Interest in Blockchain Technology
Over the past few years, it has become abundantly clear that Russia is not a big fan of the Bitcoin concept, to say the least. However, that doesn’t mean the local banks aren’t keeping a close eye on the evolution of blockchain technology. Sberbank has indicated they want to join the growing consortium of banks developing blockchain-based technological solutions. When Russia’s largest bank shows a keen interest in joining a consortium of financial institutions working on blockchain technology projects, things are starting to look more positive than ever in the country. Up until this point,....
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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....
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After long and careful consideration, R3CEV, better known as the R3 consortium, also simply called R3, reportedly denied the application of Russia’s Largest Bank, Sberbank, to join the rest of the banks in the consortium due to international sanctions against Russia. Since the introduction of Bitcoin and the concept of blockchain technology in 2009, the blockchain has represented the following attributes: decentralization, transparency, immutability and security. Perceiving the success of Bitcoin and other legitimate cryptocurrencies and blockchain projects such as Monero, Litecoin and....