Waves Powers Russia’s First Reported Crypto-Backed Bank Loan

Cointelegraph

Published Aug 19, 2020 04:31AM ET

Updated Aug 19, 2020 06:20AM ET

Expobank, a commercial bank in Russia, has reportedly issued the country’s first-ever loan backed by cryptocurrency.

According to an Aug. 19 report by local news agency Kommersant, Expobank provided the credit through issuing an individual bank loan powered by Waves (WAVES) tokens.

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