Russia advances with the digital ruble and has already set a launch date

Russia advances with the digital ruble and has already set a launch date

The operations that can be carried out include the opening of digital wallets and the payment of purchases.

Photo: SHUETTERSTOCK

He bank of russia announced that as of August 15, it will begin a pilot program to verify the operation of the digital ruble in which 13 banks and some clients of these entities will take part. The operations that can be carried out include the opening of digital wallets and the payment of purchases. It is estimated that it will only be ready by 2025.

“The launch of pilot operations with digital rubles is the most important stage of the project,” said Olga Skorobogatova, first deputy governor of the Bank of Russia.

In this sense, the official explained that in this testing phase the Bank of Russia will have the opportunity to test the operation of the digital rubles platform in a real industrial environment, elaborating all the necessary procedures with the participation of customers and adjust them if necessary.

during this first phase of testingit will be possible to carry out basic operations, including opening and recharging digital ruble accounts, as well as carrying out digital transfers in rubles between citizens, simple automatic payments and paying for purchases and services using a QR code on 30 outlets located in 11 Russian cities.

The Bank of Russia indicated that it is expected that at the end of 2023 the list of pilot participants is expanded.

“We plan to introduce the digital ruble in mass circulation based on the results of the phased tests and subject to the successful completion of the pilot test in all scenarios for operations with the digital ruble,” the entity explained.

“We hope that from 2025citizens and businesses can actively use the national digital currency,” added Skorobogatova, stressing that the use of the digital ruble will be a decision of each citizen.


Source: Ambito

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