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Sberbank’s Genius Plan: Letting Russians Pay Their Rent With Unstable Digital Currencies This Fall Because Who Needs Financial Stability Anyway?

A  Sberbank building with a giant cryptocurrency coin hovering above it, surrounded by swirling digital currency symbols and dollar signs; in the background, a cityscape of Moscow is depicted amidst chaos, with people running away from falling financial stability icons.

Russia’s largest financial institution Sberbank is joining a cryptocurrency settlement pilot program this fall because what could possibly go wrong? I’m sure the oligarchs have thoroughly vetted all the crypto bros involved in this project, right after they’ve finished counting their rubles. Deputy Chairman Anatoly Popov thinks cryptocurrencies are effective payment methods for small businesses and mining activities – yeah, until someone hacks them or uses them to launder money through a shell company on the Cayman Islands.

Source: bitcoin.com

Sberbank, Russia’s largest financial institution, plans to join a cryptocurrency settlement pilot program this fall. The bank also aims to serve clients using digital rubles by 2025. Deputy Chairman Anatoly Popov supports regulatory efforts to legitimize cryptocurrencies for international payments and mining. He highlighted cryptocurrencies as effective payment methods, especially for small businesses, amid global economic demand. Sberbank, Russia’s largest financial institution, intends to join an experimental program for cryptocurrency […]

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