The publication “Vedomosti” with reference to the director of the “Transaction business” division of Sberbank, Sergei Popov, announced that the main Russian bank was going to launch its own cryptocurrency. A crypto called Sbercoin will be a stablecoin – a digital coin with a fixed value in rubles. It can be used for settlements for digital financial assets (DFA).
Thus, Sbercoin will fully comply with the terms of the new Digital Financial Assets Law, which allows the company to issue its digital assets and use them in exchange for other similar assets.
Igor Kuzmichev, commercial director of the Waves Enterprise blockchain platform, said that Sberbank had long been working on the technical and legal possibility of issuing Sbercoin as a settlement tool. In his opinion, the new cryptocurrency can find application in interbank settlements, because blockchain technologies can significantly speed up and simplify these procedures.
Meanwhile, Instagram has launched its TikTok response.