Sberbank Issues Russia’s First Crypto-Backed Loan in Pilot With Bitcoin Miner

Russia’s largest lender, Sberbank, has taken a notable step into digital asset finance by issuing the country’s first crypto-backed loan, using mined cryptocurrency as collateral. The pilot transaction was completed with Intelion Data, one of Russia’s largest Bitcoin mining companies. source: https://www.ethnews.com/sberbank-issues-russias-first-crypto-backed-loan-in-pilot-with-bitcoin-miner/