Five Russian Banks Express Interest In Piloting Digital Ruble
PANewsKR 2020-10-16 18:00:58
According to a local news agency, at least five Russian banks are interested in taking part in Russia’s non-public digital ruble pilots in the first half of 2021. The list of banks includes state-backed Promsvyazbank, the Credit Bank of Moscow, commercial bank Zenit, mortgage bank Dom.RF, and Crimea’s Russian National Commercial Bank. The central bank is considering using the digital ruble to distribute salaries and benefits once the currency is publicly adopted. The Bank of Russia reportedly said that users will be able store and transfer the upcoming digital currency through an “analogue of a bank card.” In order to accept the digital ruble, merchants will have to “reconfigure payment terminals.”