Russian banks start testing digital ruble payments - Finance
Russian banks start testing digital ruble payments - Finance
banks in Russia are preparing to immerse yourself in the pilot phase of the digital ruble project, and some are already testing transactions with the currency. Experiments with customer-to-customer payments (C2C) have started and the Bank of Russia plans to expand the types of operations in the future.
Digital Rubel Pilot starts with 12 participating banks
The central bank of Russia ( cbr ) completed the prototype of the Digital Rubel platform in December and now begins to experiment with transactions. A dozen banks were invited to take part in the first phase of the pilot phase of the project. The currency supervision plans to gradually expand the circle of participants to expand further financial service providers and business types.
The majority of Russian banks are currently preparing to start testing the new digital currency of the central bank ( CBDC ), TASS reported after contacting the institutions. One of them, the Promsvyazbank (PSB), is currently handling C2C payments, said Maxim Khrustalev, advisor to the deputy chairman of the bank, the news agency.
According to the customer-to-customer transactions, "The technical testing of C2B, B2C and B2B payments. Based on the results of the pilot, the Bank of Russia will begin to introduce the digital ruble platform into commercial operation," added Khrustallev.
Tinkoff Bank also follows the efforts to test the new, digital form of the Russian Fiat. "Tinkoff is preparing to pilot the digital ruble in the near future," says an explanation of the online new. Tinkoff has recently entered the crypto room registered fintech startup aximetria.
Another large Russian bank, VTB, said that their infrastructure was ready to control the digital ruble. "The pilot project includes integration with the digital ruble platform and the introduction of services such as opening a wallet via a mobile application and digital ruble transfers between individuals," explained the Bank press office.
According to Vitaly Kopysov, Chief Innovation Officer at SKB-Bank, the digital ruble becomes a driver for the development of new national payment services for citizens and companies. In conversation with Tass, he stated:
The digital ruble will give an additional impulse to the creation of cashless offline payment services for companies without internet access at a sales point, which is very important in view of the geography of the Russian Federation.
Russia's central bank has retained a target = "_ blank" href = "https://news.bitcoin.com/opposed-to-bit-payments-bank-ofrussia-says-should-Should-not-Simulate-spread-of-cryptocurrencies/" Rel = "noopener"> Harte " Attitude on cryptocurrencies and recently A far-reaching ban Activities. It started three years ago with the consideration of a digital ruble and decided to examine options for issuing the CBDC in 2020 when a consultation paper on this topic published. In April 2021, the bank published a digital ruble concept that tears its main architecture.
Other banks that take part in the first phase of the pilot project are AK Bars, Alfa-Bank, Dom.rf Bank, Gazprombank, Rosbank, Sberbank, Bank Soyuz and TranscapitalBank. The Federal Ministry of Finance will be added with financial intermediaries in the second stage when transactions between private individuals and companies are carried out, including consumer-to-business (с2b), business-to-business (B2B) and business-to-government government transactions (B2G).
Do you think that Russia will be able to successfully introduce a digital ruble? Share your expectations in the comment area below.
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