March 28, 2024

Market news | The Central Bank and banks made the first transfers in digital rubles, testing began

The Bank of Russia and market participants have begun testing the digital ruble platform

Two banks from the pilotThe teams successfully carried out a full cycle of operations for the transfer of digital rubles between clients using banking mobile applications.

Pilot Plan:

✓ At the first stage, the issuance of digital rubles, the opening of digital wallets for banks and citizens, as well as transfers between citizens will be tested.
✓ At the second stage it is planned to testtransactions for payment for goods and services in trade and service enterprises, payments for government services, implementation of smart contracts, as well as interaction with the Federal Treasury.
✓ Next it is planned to introduce the possibilitypayments in places without the Internet (offline mode), organize interaction with financial intermediaries and digital platforms, and also provide for the possibility of conducting transactions with the digital ruble for non-resident clients.

Digital ruble: start of testing | Bank of Russia (cbr.ru)