Sberbank buys 5 thousand a blockchain ATMs

At the end of May, 2020 on the website of state procurements there was information on the tender within which Sberbank decided to buy ATMs with support a blockchain system. The cost of one device, according to conditions of credit institution, should not exceed $22 thousand. Total amount of the contract — $108.5 million. Results competitions are going to be announced in the middle of July, 2020.

From ATMs which Sberbank is going to purchase the contactless functionality is required: the user will be able to interact with them through smartphone and services Apple Pay Google Pay Samsung Pay, Mir Pay and Huawei Pay.

The equipment should be anti-vandal and is equipped with recycling function which allows to use the notes entered by one client for issue at the request of another.

Besides, requirements of Sberbank assume that ATMs contained not less than 14.5 thousand notes, were completed with video cards for image identification and could work with a blockchain. The purpose of support of blockchain technology and other related information in the tender is not disclosed.

Sberbank only responded to the request of Izvestia that it regularly updates the network on more modern models of devices in all regions. In total in bank by the end of May, 2020 75 thousand devices from which nearly 55 thousand are full-function devices work with cash. In February representatives of credit institution told that the share of contactless ATMs reached 95% of a total quantity.

In Sberbank  see in a blockchain the safe tool for application the banking sector. For studying of opportunities of technology based on financial institution  created  laboratory. Also Sberbank uses a blockchain  in practice and patented  transfer of repo transactions in smart contracts on a blockchain.^[1]

You look also the Blockchain and cryptocurrency

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