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Russian Bank VTB Completes Blockchain-Based Guarantee for Mobile Network Carrier  Last Updated: 22 December 2020 Russia’s newfound love for blockchain technology and cryptocurrencies has been one of the most exciting developments in the industry this year. While the government continues to clarify the crypto laws applicable in the land, a private firm is marking a significant milestone with the technology. Cutting Time and Inefficiencies Last week, VTB, the second-largest bank in Russia, completed a new blockchain-based bank guarantee for MTS, Russia’s largest mobile cellular network carrier. The announcement explained that VTB had issued a contract to fulfill about 392 million rubles ($5 million) in payment obligations.

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