The pilot project of the digital ruble will be launched on April 1

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The Central Bank of the Russian Federation is going to launchtesting operations with the digital ruble is already on April 1. 13 banks will participate in the pilot project, and it will be possible to use it for transfers and payments for goods and services.

According to the First Deputy Chairman of the Central BankOlga Skorobogatova, at the first stage of testing, retail clients will not have access to the digital ruble. The system will first be tested at the institutional level, as well as among selected bank clients. All 13 banks have already passed both technical and operational tests. After this, the regulator will decide on the process of scaling the system.

“We are planning to launch a pilot stage 1April with transactions between individuals and payments in trade and service enterprises initially, at this stage. Let me immediately point out that the pilot will be based on real transactions, real clients, but on a limited number of transactions and on a limited number of clients with 13 banks that have already technically confirmed their readiness,” said Olga Skorobogatova.

Let us remind you that the Bank of Russia will be the only operator of the digital ruble. Thus, the Russian state digital currency will not be decentralized.