Russian Banks Begin Testing Digital Ruble Payments – Finance Bitcoin News

platform in December and is now beginning to experiment with transactions. A dozen banks have been invited to join the first stage of the project’s pilot phase. The monetary authority plans to gradually expand the range of participants to include other financial service providers and types of transactions.

After the customer-to-customer transactions, “the technical testing of C2B, B2C and B2B payments will begin. Based on the results of the piloting, Bank of Russia will start to introduce the digital ruble platform into commercial operation,” Khrustalev added.

This great news. This country has a great environment for innovative digital progression

I'd probably wish them luck if the Russian central bank wasn't extremely negative about cryptocurrencies

Ehat crypto tech they gonna use Or not using at all?

It is great. More countries and people are realizing advantages of digital coins. I think it will be followed by adoption of cryptocurrencies.

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I reckon it's just in case Russia is excluded from SWIFT Transactions model if government decides to invade Ukraine. Excluding from SWIFT is said to be one of the toughest sanctions that they could face.

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Apparently this is why central banks want to ban crypto to make the digital ruble launch a success

Ban crypto but still want strong digital currency? 🤔🙄🙄🙄

Exciting

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Wow Is that why they decided to ban cryptocurrency in the country? My Russian friends are scared and many have bought even more crypto on bitfinex in the last few days

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