Russia’s Sberbank Takes on Crypto with Cross-border Money Transfer App

Cryptonews Source: iStock/-lvinst- Russian major bank Sberbank has introduced a new low-cost, cross-border remittance solution that it believes will be able to compete with cryptocurrency for cross-border transactions. The bank, once the Russian financial sector’s fiercest advocate of cryptocurrencies, announced earlier this year that it was turning its back on cryptocurrencies, citing the lack of October 29, 2019 at 07:25PM By Crypto News