Russia's Sberbank may issue its own cryptocurrency

Russia's Sberbank may issue its own cryptocurrency

Sberbank is teaming up with JP Morgan on preparing the cryptocurrency

Representative Image. Credit: Pixabay Photo

Russia's largest lender Sberbank may issue its own cryptocurrency, called 'Sbercoin', in 2021, Chief Executive German Gref said on Monday.

Gref said Sberbank was teaming up with JP Morgan on preparing the cryptocurrency and may launch it in "an experiment" next year.