Major banks in Russia are looking to do away with plastic card-powered personal banking – and are adapting blockchain to encourage contactless transactions amid coronavirus pandemic. And the first step is initiated by the largest Bank of Russia Sberbank, which holds about 40% of the personal deposits. Herman Gref the Chairman and CEO of Sberbank was Russia's former minister of economics and trade. He is known to be the enthusiast of tech and blockchain.

Sberbank has just acquired 5000 contactless ATMs that are compatible with Apple pay, Google pay, Samsung Pay, and Huawei pay. These ATMs come up with graphics cards which is capable of blockchains operations. The bank did not indicate how blockchain technology will play a role in the new ATMs moving forward, but Sberbank has been a strong advocate of cryptocurrency in Russia. The most probable option is the bank could use blockchain to record arms transactions.

Instead of interacting with touchscreens, consumers will be able to operate the new ATM machine via their smartphones. Throughout the pandemic, Sberbank was in favor of cutting down the use of plastic cards due to health concerns. During Pandemic there are a lot of positive signs to adopt blockchain in the world this is assuring the digital future of Earth.