Sbercoin: Sberbank’s Bitcoin Killer?

Russian Sberbank (Sber), the largest Russian banking and financial services company with more than 100 million customers, has recently announced its plans to issue its own digital currency named Sbercoin. The bank has also sent an application to the Central Bank of Russia for the approval of Sber’s own blockchain-based digital asset service platform at the beginning of 2021. Should the approval process pass through all necessary examinations and trials, it is anticipated that Sbercoin will be officially launched within this month. Lets discuss it today!