Russia’s Sberbank plans to launch DeFi platform on Ethereum

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Sberbank’s upcoming DeFi platform will be fully open by the end of April, enabling users to conduct the first commercial transactions, the bank’s blockchain exec said.

Russia’s largest bank, Sberbank, is moving forward with the plan to launch its decentralized finance platform, preparing to trial the product in a few months.

The executive noted that the blockchain platform will be compatible with the Ethereum blockchain, allowing customers to use major wallets, such as MetaMask, to move their assets. Klimenko also noted that users will be able to transfer their assets from other platforms.

 

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Looks like they have grand plans.

verasitytech is ethereum Network

russia and decentralized in the same sentence WTF, top joke !

Share some pool fees nice 👍🏼

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Sberbank expects to launch open trials of its DeFi platform by May 2023, Sber’s Blockchain Lab product director Konstantin Klimenko announced, the local news agency Interfax reported on Feb. 3.

Who’s going to use it? There are already plenty of decent defi platforms not controlled by big banks

I hear this year's DFI project is going to be great, is that true

'What took them so long?!'

Sanctions will force RU to innovate. They will gain a lot even if it's painful in short term.

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Russia's Sberbank Will Introduce DeFi Platform by May: ReportRussia's largest bank, Sberbank, is testing a DeFi platform with a release planned by May, according to a report. By oknightcrypto. OKnightCrypto Relevemos caiovicentino OKnightCrypto Is a platform owned by a bank a defi platform? OKnightCrypto How is it DeFi when a bank uses it?
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