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Large Russian Bank’s Subsidiary Launches Crypto for Internal Use

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Tue, 21/08/2018 - 13:28
Large Russian Bank’s Subsidiary Launches Crypto for Internal Use
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The Digital Transformation and Blockchain Center belonging to the Russian Vnesheconombank has emitted VEB coins, as reported by the managing director of the Blockchain Center, Nikita Podstavkin.

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The coins are not made to be mined, they are to be used for accounting customers’ funds and paying for services in the Blockchain Competence Center – e.g., booking meeting halls, renting working desks with equipment, etc

Podstavkin also mentioned that the coins will also be used in different loyalty programs in the future.

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