Russia: Bitcoin and politics

KAMAZ plans to release “Digital Kilometers” on Sber’s platform

Subsidiary organization of the automobile concern «Digital kilometer» will release on the Sberbank digital financial assets platform, an asset with the same name. As company representatives stated, the program with the new asset is intended to support the production of freight vehicles.

Digital financial assets () will be available to employees of both companies, as well as to a wide range of investors, including legal entities, through the Digital Kilometer application.

According to the information provided, the minimum investment in the asset is from 1000 rubles, and the expected return will be from 20% to 23% per annum with quarterly interest accrual.

An additional 2% per annum will be paid to investors in the form of “Thank You” bonuses if the truck travels more than a certain mileage. In addition, the app will be able to track coupon payment dates and truck mileage.

By using Sber API seamless integration technology, data on assets available for issue will be provided to investors in real time.

Let us recall that last year the first cross-border transactions with digital financial assets were already carried out in , and, as experts believe, the number of transactions with such instruments will grow.

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