OKX and Bybit Remove 2 Russian Banks from Payments List, Here’s Why
The spotlight recently came on sanctioned Russian banks after they were spotted as payment options on some top crypto exchanges.
According to reports, Russia’s Sberbank plans to join the R3-led international blockchain consortium.
The spotlight recently came on sanctioned Russian banks after they were spotted as payment options on some top crypto exchanges.
There are several advantages of using Sberbank’s blockchain technology, including the deep liquidity supply of Russian Rubles to create smart contracts.
Sberbank stated that the possibility to issue DFAs will allow companies to prove their cash requirements and attract market investments.
Sberbank said that it is facing a major liquidity crunch to supply to its European subsidiaries. However, it assured that the capital and assets are enough to pay all depositors.
The Sberbank’s collaboration with S7 Airlines, which is a member of the global aviation alliance, is another step towards stamping its commitment to innovation.
The state-owned Sberbank’s stablecoin will be functional on its native blockchain built using the Hyperledger Fabric infrastructure. This blockchain will facilitate trade finance transactions involving the exchanging letters of credit.
Ozon is the only retailer that Amazon has shown consistency in its interest to participate in its life.
According to reports, Russia’s Sberbank plans to join the R3-led international blockchain consortium.