Banking giant Sber has launched its blockchain platform Ethereum blockchain and Metamask wallet. The Russian bank believes the integration will give developers more options and create new opportunities for users using tokens and smart contracts.
Sber Bank Offers Ethereum and Metamask Support on Its Own Blockchain
The blockchain platform developed by Sber, Russia’s largest bank, is the world’s largest decentralized Technically compatible with Ethereum, a financial (defi) ecosystem. The financial institution presented at an international conference with members of the blockchain industry.
At an event hosted by the Sber Blockchain Laboratory, the lender said the integration will allow developers to freely transfer their smart contracts and entire projects between their own blockchains and open blockchain networks. I explained that it would be
According to the press release, the Sber blockchain also supports integration with Metamask, a popular crypto wallet used to interact with Ethereum, allowing users to use tokens to perform the operation. A smart contract hosted on a banking platform.
Sber, formerly known as Sberbank, created the blockchain after receiving a license from the Central Bank of Russia as an issuer of digital financial assets in March of this year. The platform allows participants to create their own tokens and smart his contracts. In September, the bank said it would also allow the issuance of non-fungible tokens (NFTs).
Integration with bank information systems enables ordering payments in Russian rubles based on smart contracts. The platform was originally open to legal entities only, but according to previous statements, it will also be granted access to individuals in the final quarter of 2022.
We are delighted that our community will be able to run defi applications on his Sber’s infrastructure,” said Lab Director Alexander Nam.
The executive believes that with the rapid development of Web3, there will be increased demand for platforms that support various blockchain protocols. “Sber is able to bring together developers, businesses and financial institutions both in the framework of joint market research and in the process of developing practical business applications,” Nam added.
Last year, Russian authorities legalized some crypto activities, such as mining, and have been considering a more comprehensive legal framework that could potentially use crypto assets for cross-border payments. I was. Russian President Vladimir Putin called for the establishment of a new system for international payments based on blockchain and digital currencies at a conference hosted by Sber.
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