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Money from the sky? Russia is almost there

Categories : Innovation contributes to the efficiency of cash
June 28, 2017
Tags : ATMs, Cash, Cash-in-Transit, Innovation, Russia
Money from the sky? It's not science fiction! Indeed, Russia's largest bank, Sberbank, is testing drones to be used in the transportation of cash from one place to the other and could be implemented by the end of this year.
Communication Team / Equipo de Comunicación

Sberbank, Russia’s largest bank, could start delivering cash directly from the sky as soon as the end of this year. In fact, the bank has successful tested the use of drones for the transportation of cash from point A to point B at an average speed of 180km/h on distances of 10km.

These tests come after Sberbank announced that it is planning on doing away with plastic cards. Indeed, the bank is shifting to other means of retrieving money such as mobile apps or cardless ATMs.

There are of course security concerns as some cybersecurity researches have warned that drones can be easily hacked – switching the control from the drone owner to the hacker in a matter of seconds. But these risks will simply require the Russian bank to be innovative and look into tougher data security measures to deal with current threats.

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