The Central Bank of Russia will significantly expand the pilot project of the digital ruble. From September 1, individuals and several credit institutions will join the project. As part of the pilot of the digital currency, the Central Bank has already carried out about 19 thousand transfers between individuals.
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The Central Bank of the Russian Federation will expand the pilot project of the digital ruble from September 1, the First Deputy Chairman of the Central Bank of Russia Olga Skorobogatova announced this, TASS reported.
The digital ruble pilot will be extended to 9,000 individuals and 1.2,000 legal entities. In addition, 20 credit institutions will join the program.
Currently, 600 people and 22 organizations are participating in the project. Twelve banks participated in the experiment.
According to the Central Bank, as of March 2024, as part of the pilot, 19 thousand transfers between individuals, around 6 thousand payments and 3.5 thousand transactions under smart contracts were made.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
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