The quotes are certain to raise eyebrows among bankers,
everywhere. The Vice President of Sberbank, Russia’s biggest bank by
assets and the third largest bank in Europe (2014 figures) has opined
that the advent and spread of blockchain technology will see banks
disappear by 2026.
Speaking at Metro Expo 2016, an industry conference, Sberbank’s vice
president Andrey Sharov shared his thoughts about the future of the
banking industry.
With quotes reported by Russian news agency , Sharov
predicts that the rise of blockchain technology will lead to the demise
of the current banking industry as the way we know it to be.
The Vice President of Russia’s largest bank stated:
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