Maximise your Metaverse potential, giving you daily rewards and a passive income of 0.5% daily I'm going in!

Russian Bank Sberbank launches blockchain based touchless ATMs

2 min reading

According to local news agency Izvestia The Russian state-owned bank Sberbank is introducing non-contact ATMs in Russia using blockchain technology. The aim is to improve security and reduce the spread of coronavirus. A pandemic has paved the way for contactless technology. From touchless travel, payments, touchless toilets to touchless ATMs introduced in the Russian market. Touchless solutions are becoming increasingly popular and are setting new prospects.

sberbank russia

Touchless ATMs for a touchless future

In order to meet the market demand for sensor technology, Sberbank decided to abandon the need to physically use the ATMs with a debit or credit card. So far, many countries already allow the normal use of ATMs, as the number of coronavirus infections is decreasing. However, Russia will see continuous growth and is therefore trying to mitigate it by installing contactless ATMs.

Sberbank bought 5000 touchless ATMs for $108.5 million and each machine costs around $22,000. These ATMs are adapted for applications such as Apple Pay, Google Pay, Samsung Pay, Huawei Pay and the Russian product Mir Pay, which is very attractive.

Each of these modern ATMs can hold 14,500 notes, and users can withdraw their money without contact, only using their smartphone. In this way, the risk of viral infection is reduced.

Thanks to the blockchain technology, the ATMs will offer the highest level of security and performance.

No dependence on bank cards

Thanks to its project, Sderbank, in addition to its dependence on bank cards, intends to attract more demanding users by reducing operational costs.

In the future, the bank plans to integrate additional features such as applying for loans, checking the stock market and even shopping. All this with just a smartphone.

Despite the use of blockchain technology, Sberbank has indicated that this has nothing to do with the crypto.

Read Also: Crypto in Russia soon will be banned

Currency Exchange rate Buy cryptocurrency

Maximise your Metaverse potential,
giving you daily rewards and a passive income of 0.5% daily

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Ommyo.Net ( Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is Ommyo.Net c/o Fintech Labs Global Solutions, Unit 303, Ile Du Port, Mahe, Seychelles

The full document to read the ommyo privacy policy is available in this document.

Advanced settings can be changed in your browser.