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....
Related News
According to a report, Russian payment platform Qiwi will create a blockchain consortium which will see Russia’s biggest banks at its members. In a move reminiscent of the private banking blockchain consortium led by New York-based R3, Russian payment operator Qiwi is reportedly looking to create a consortium for banks in the country. Qiwi intends to develop standards for the application of distributed ledger technology among banks, according to a report from Russian publication Izvestia. The Russian startup has sent invitations to Russia’s biggest banks including BIN Bank, Alfa Bank, and....
The quotes are certain to raise eyebrows among bankers, everywhere. The Vice President of Sberbank, Russia’s biggest bank by assets and the third largest bank in Europe (2014 figures) has opined that the advent and spread of blockchain technology will see banks disappear by 2026. Speaking at Metro Expo 2016, an industry conference, Sberbank’s vice president Andrey Sharov shared his thoughts about the future of the banking industry. With quotes reported by Russian news agency , Sharov predicts that the rise of blockchain technology will lead to the demise of the current banking industry as....
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....
Ethereum founder Vitalik Buterin recently spoke on the possibilities of applying his decentralized smart contracts platform in Russia, the proposed cryptocurrency ban in the country, and talked with representatives from the country’s central bank at a fintech event held in Russia’s “Silicon Valley.” Ethereum Fuels Russian Interest. The event was held on....
While Russian authorities and officials have frequently poured scorn on bitcoin and digital currencies, going as far as to craft laws aimed at criminally prosecuting adopters and miners, the head of Russia’s largest bank has revealed that he has owned and exchanged bitcoins for fiat currency. Herman Gref, CEO and chairman of the executive board of Sberbank, Russia’s largest bank by assets has, in a public talk, spoken to the benefits of virtual currencies while opining how they will soon permeate into society, as reported by Russian news agency TASS. Speaking at the presentation of a joint....