Sberbank sees digital currencies as next step in India-Russia settlements
Russia’s biggest lender, Sberbank, sees digital currencies playing a bigger role in India-Russia trade settlements as it expands its business ecosystem in India to support trade, investment and corporate partnerships, Chief Executive Officer Herman Gref said on Friday.
“It’s only at the beginning, but we see huge opportunities for digital currencies in settlements between the countries,” Gref said, adding that such transactions could become more efficient and attract greater demand than digital currency applications within individual countries.
