The Central Bank of Russia, together with 13 banks CBDCwill begin real-world testing of their work.
in the explanations Central Bank of Russia, CBDCgave the message that they are ready to expand their product, the digital ruble pilot. Russiawill begin real-world testing for the CBDC. on August 15in real-world tests scheduled to launch with 13 banks work will be carried out. Russia aims to circumvent financial restrictions with the digital ruble.
Russia sure about CBDC!
The growing popularity of cryptocurrencies and blockchain technology CBDC had a large share in his moves. One of the countries that is most welcoming to CBDCs Russia.
Continuing its work on digital ruble Russiaannounced that it will begin real-world testing. Russia Centre base, “ Launching pilot operations with real digital rubles is the most important phase of the project.” he made a statement.
Russia’s confident steps towards CBDC are seen as an important part of overcoming fiscal constraints and achieving financial stability. Stating that they will enter the test phase in an industrial environment, the Central Bank of Russia will emphasize the necessary procedures with the participation of its customers.
Russia aims to make the digital ruble a convenient and understandable product. Real-world testing, the next pilot phase of the digital ruble, will launch on August 15.
