Sberbank, Russia’s largest bank, could start delivering Money in physical form such as banknotes and coins. More 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 From the Latin word moneta, nickname that was given by Romans to the goddess Juno because there was a minting workshop next to her temple. Money is any item that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular region, country or socio-economic context. Its onset dates back to the origins of humanity and its physical representation has taken on very varied forms until the appearance of metal coins. The banknote, a typical representati... More 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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