RATE Group | Russia’s Biggest Bank is Buying 5000 Blockchain ATMs That Can Mine Crypto
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Russia’s Biggest Bank is Buying 5000 Blockchain ATMs That Can Mine Crypto

28 May Russia’s Biggest Bank is Buying 5000 Blockchain ATMs That Can Mine Crypto

Posted at 03:28h in Cryptocurrency News by

Russia’s largest bank, Sberbank, has called for tenders to provide 4,917 ATMs with a built-in graphic card capable of supporting “blockchain operations”.

Cointelegraph spoke with two experts who said the most obvious use case for a blockchain optimized graphics card is mining cryptocurrency.

Sberbank is Russia’s oldest and largest bank and holds almost 44% of all personal deposits in the country. It operates 14,200 branches and 77,000 ATMs across the country. The state is its largest shareholder and its Chairman and CEO, Herman Gref, was Russia’s former minister of Economics and Trade. He is known to be a big proponent of new technology, including blockchain. 

World’s first blockchain ATMs?

The maximum bid for the tender is $108,501,718.05, which equates to $22,066.65 per ATM. One of the technical requirements for these ATMs is that they should come equipped with a graphic card:

“Graphic card with support for Nvidia Cuda for OS for image recognition and possible…

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