Sanctioned Russian Bank Tests In-app Operations With Digital Rubles – Finance Bitcoin News

A Russian bank, one of the country’s largest by assets, has conducted a successful trial with digital ruble transactions processed through its mobile app. The state-owned Promsvyazbank was one the institutions placed under Western sanctions earlier this year in connection with Moscow’s actions in Ukraine.Promsvyazbank is one of the first Russian lenders to join the trials of the central bank digital currency issued by the Bank of Russia.

All the information about the performed transactions was provided by the digital ruble platform operated by the Central Bank of Russia , and was immediately reflected on the balances of the users’ digital wallets in the smartphone app, the report details. The platform’s prototype was“PSB is one of the first banks to implement a simple and understandable technology for making transactions with digital rubles in a mobile application and successfully test it.

More surveillance and financial tyranny on the way for the poor Russians.

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That’s huge. But they should probably just start using USDT.

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