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Russia’s Tech Giant Rostec to Test Digital Asset Payments in International Trade
12.9.2022
Russia’s leading technology company, Rostec, is working on a project to integrate digital assets into cross-border trade. The state-owned corporation says the market is interested in cryptocurrency payments which can reduce sanctions pressure on Russian exporters and importers. Rostec Eyes...
Russia’s Industrial Giant Rostec Announces Blockchain-Based Alternative to SWIFT
4.6.2022
Rostec, the Russian manufacturing and technology conglomerate, has developed a system allowing the processing of international settlements and storage of digital currency. The blockchain-based platform has been announced as an alternative to SWIFT, which is unavailable for some Russian banks....
Blockchain Spending Plummets at Russian Giant Rostec as Hype Wanes
28.1.2020
The state-sponsored Russian technology firm Rostec aims to halve its blockchain research and development fund and now estimates smaller effects on the economy.
The company stated that it plans to spend RUB 28.4 billion (USD 453.2 million) on blockchain technology by 2024, Kommersant reported...