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Sberbank is going to develop international payments based on cryptocurrencies

Russia’s largest state bank has commenced its search for an executive director to spearhead the advancement of cryptocurrency solutions, declaring the vacancy officially available.

The newly appointed individual will be responsible for formulating solutions for international payments utilizing cryptocurrencies, as well as designing products that enable the use of cryptocurrencies in such transactions. Additionally, the executive will oversee the development of strategy and products for cross-border cryptocurrency solutions.

Sberbank has expressed its intention to actively recruit specialists to drive the development and implementation of digital payment methods.

“To ensure a comprehensive understanding of current capabilities and future prospects in the realm of new payment instruments, we are seeking specialists who will extensively analyze the market, legislative framework, and technological trends. This will enable us to promptly offer relevant and user-friendly services to clients in the event of breakthrough technological advancements,” explained the bank.

Sberbank is presently highly focused on digital technologies and recently made the decision to grant individuals access to its digital financial assets (DFA) platform. In November, the bank announced the successful execution of the country’s inaugural test lending transaction that leveraged DFAs as collateral. The loan was extended to the Datsik group of companies, managing the Omega shopping center in Tolyatti.