The second stage of testing the digital ruble platform is scheduled to begin in autumn 2022. This was stated by the First Deputy Chairman of the Bank of Russia Olga Skorobogatova in a commentary transmitted to Izvestia by the press service of the Central Bank.
According to the regulator’s plans, at the second stage they will test operations for payment for goods and services in trade and service enterprises, payments for public services, the implementation of smart contracts, as well as interaction with the Federal Treasury.
In total, as Skorobogatova pointed out, testing of the digital ruble platform will take place in three stages. At the last, the Central Bank plans to make transactions with the digital ruble offline, which is especially in demand in regions with unstable communications. Also, at the third stage, they will try to conduct operations to open wallets for non-residents, she stressed on February 15.
On Tuesday, the Bank of Russia said that, together with market participants, they began testing the digital ruble platform and successfully completed the first transfers. Already three banks from the pilot group have connected to the platform, two of which have fully tested digital wallets.
On the same day, financial analyst, trader Artem Zvezdin, in an interview with Izvestia, expressed the opinion that in 8-10 years digital money will become more popular than cash, the digital ruble will be more popular than cashless transfers or fiat money, but less than cryptocurrency.
In September 2021, Olga Skorobogatova, First Deputy Chairman of the Central Bank, reported that testing of digital money would take place in several stages. It includes different types of transactions. Based on the results of the piloting, a roadmap will be developed for the introduction of the digital ruble in Russia and amendments to laws.
Source: IZ
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
