#banks

Senior VP of VTB bank Dmitry Breitenbikher told Business FM that cryptocurrencies may become a very real means of settlement and money saving in 10 or 20 years’ time.

According to Russian news outlet Izvestia, local payments processor QIWI intends to become the driving force behind creation of a consortium of Russian banks interested in development of blockchain applicability standards.

The United Kingdom’s Prime Minister is going to host a wide international anti-corruption summit in London on May 12. “The summit will seek to galvanise a global response to tackle corruption. As well as agreeing a package of actions to tackle corruption across the board, it will deal with issues including corporate secrecy, government transparency, […]

April 12, in the course of Exchange Forum 2016 in Moscow, head of Bank of Russia’s department for financial market development Yelena Chaikovskaya told that the Central Bank was watching the blockchain technology closely, and the attention was rather positive. Moreover, she said, blockchain may be used in the Central Bank’s project for bondization in […]

Vice President of Sberbank of Russia, the country’s biggest state-owned bank, Andrei Sharov believes banks may disappear by 2026 because of blockchain technology’s impact. “In ten years, I’m afraid, there will be no banks, and I won’t have any job. Now, peer-to-peer crediting platforms are effectively developing, just as blockchain-based payments technologies,” he told Rambler […]

R3 has finally shared the details of their work on their financial solution for banks, Corda, based on distributed ledger. The blockchain startup R3, founded in late 2015, leads a consortium of 42 major banks and financial institutions with the single aim – to provide banks the opportunities of the disruptive technology in a way […]

Roman Sulzhyk, former managing director for futures market at the Moscow Exchange, predicted at Blockchain Conference Kyiv that Bitcoin would be dead in 20 years’ time. Sulzhyk believes Bitcoin is but a phase of natural evolution of money while true crypto-revolution is just dawning.

A few days ago, Bankir.ru published an interesting feature by Corezoid founder and PrivatBank’s e-business center head, Alexander Vityaz. His predictions stating that VISA, not Bitcoin or blockchain technology, will eventually destroy the banking system, have gone viral across media and social networks. ForkLog talked with Alexander to make things clearer. FL: In your feature, […]