Russia’s second-largest bank, VTB, pilots bank guarantees on blockchain

Cointelegraph

Published Dec 21, 2020 07:09AM ET

Updated Dec 22, 2020 03:40AM ET

VTB, the second-largest bank in Russia after Sberbank, has piloted a new blockchain-based system to issue bank guarantees.

According to an official announcement last Wednesday, VTB provided a blockchain-enabled bank guarantee to the country’s largest mobile cellular network provider, MTS.

Continue Reading on Coin Telegraph