Some Russian banks have already started testing the digital ruble

Once the pilot project is completed, the Central Bank of Russia will begin to implement the platform in commercial operation

20.01.2022 - 14:00

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What’s new? A number of Russian banks have already started testing transactions with the digital ruble, and some of them are still preparing to launch trials. Based on the results of the pilot project, the Bank of Russia will start introducing the digital ruble platform in commercial operation. This is reported by the TASS news agency.

Material on the TASS website

Which banks are in question? Promsvyazbank is already testing C2C payments. In the near future, it is also going to start testing C2C, B2C, and B2B payments. The representatives of VTB Bank and Tinkoff Bank have announced that the infrastructure for launching the pilot project is ready.

According to Vitaly Kopysov, Innovation Director of SKB-Bank, who gave a comment to TASS, the digital currency may give a new impetus to the creation of cashless payment services in the absence of Internet access.

What is known about the testing of the digital ruble? The development of the prototype platform for operating with the digital ruble was completed in December 2021. A total of 12 domestic banks are to participate in the pilot project: Ak Bars Bank, Alfa-Bank, Bank DOM.RF, VTB Bank, Gazprombank, Tinkoff Bank, Promsvyazbank, Rosbank, Sberbank, SKB-Bank, Bank SOYUZ and Transcapitalbank.

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