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Russia's Biggest Bank Wants to Join R3, Embrace Blockchain and Avoid Bitcoin

Sberbank, Russia’s largest bank in net assets intends to join the R3-led international blockchain consortium, according to reports. As reported by Russian news publication Kommersant, Sberbank, Russia’s biggest bank with over three times the net assets over its closest competitor is keen on joining the global consortium of 30 banks and financial institutions led by New York-based R3. Speaking to be publication, Sberbank’s First Deputy Chairman of the Management Board, Leve Khasis, confirmed the bank is keeping a close eye on the evolution of blockchain technology. He added the bank is looking into the documentation pertaining to R3 and pending […]


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Source: Russia's Biggest Bank Wants to Join R3, Embrace Blockchain and Avoid Bitcoin



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