Sberbank “Draws a response”. Can Sbercoin replace the digital ruble?

This is Stebblekin tied to the ruble, which will be released by the Central Bank of Russia. According to the Central Bank, the growing demand for online payments, new needs for finance and the need to increase the competitiveness of the economy have prompted them to create a digital ruble.

Combining the properties of cash and non -cash money, a digital ruble can be used both by individuals and companies as:

• Payment funds
• Cost measures
• Savings

The digital ruble can make payments faster and safer, and most importantly – rid users from intermediaries in the form of a bank . Such a currency will be useful to sellers and customers in sparsely populated points where access to banking infrastructure is difficult.

According to the Central Bank’s idea, you can pay with a digital ruble both online and offline. Operations will be available in electronic wallets or mobile applications. Currency can be used for “payment of goods and services, making payments to organizations and the state, money transfers, payment of transactions with financial instruments, as well as digital financial assets”.

Sbercoin is a unique original or miserable parody?

In early January 2021, Sberbank applied for registration of its own blockchain (technologies will be borrowed from Hyperledger), on the basis of which Sbercoin will function. This is also Stebblekin, the price of which is tied to the ruble. Wherein Sbercoin emissions are not provided – it will represent non -cash rubles in bank customers accounts .

It turns out that Sbercoin will be available exclusively as a means of payment within the Sberbank system and for the purchase of digital assets. In this regard, many are wondering: “ And how is Sbercoin different from “thank you” bonuses if he has no other functions ?”So far, Sberbank is not ready to answer this question.

In addition, Sbercoin is unlikely to ever reach a full-fledged cryptocurrency format-Sberbank does not plan to withdraw token outside its infrastructure. The use of Sbercoin is limited by the following aspects:

• It is not planned to place Sbercoin on crypto -rhizas . Everyone will be problematic to invest in such token. It will not be possible to buy it outside the ecosystem of Sberbank (only in the application or department), and only rubles will be accepted. No exchange for dollars and cryptocurrency!
• Sbercoin will be stored on cryptocurrencies . It is assumed that it will be a hardware wallet, but what exactly, and where to get it? And most importantly – whether customers are ready to master a new elaborate device?
• All transactions will be confirmed by electronic signatures, which can also complicate the process of trade in the asset.

Does Sbercoin have prospects? A token of a particular bank is not interesting to competitors, so it will not take root in the market . Stablecoin should be produced by an independent platform that does not have a priority partner. Sbercoin also provides liquidity exclusively to users of Sberbank, so beyond its borders does not have.

Here it is worth raising the problem of the interest of the audience. Active users of Sberbank are half of the population of Russia, but most of them are enough basic services, such as payments, deposits and bonuses “Thank you”. They have no idea about cryptocurrency and smart contracts, so Sbercoin is unlikely to be useful for the target audience of Sberbank. And people who know in the blockchain trust their money to alternative banks.

conclusions

At first glance, both the digital ruble and Sbercoin are able to take the domestic economy one step closer to the future. However, their prospects are unequal. While the digital ruble can be used everywhere and regardless of a particular bank, Sbercoin is limited by the native platform and its https://gagarin.news/news/emirates-kicks-off-nf-ts-and-the-metaverse/ functionality.

In a desperate fight against competitors, Sberbank may make a huge mistake. Instead of developing an existing online infrastructure, the company throws strength to create a new decentralized level and smart contracts. Is there any sense in this if Sbercoin is limited by the payment function? This is far from the cryptocurrency that we deserve.