Banks taking part in the digital ruble pilot will begin testing transactions with actual clients in mid-August, according to a top executive of one of the financial institutions. The trials are set to start weeks after Russia adopted dedicated legislation for the introduction of its new digital currency.
Russian Banks to Process First Digital Ruble Payments Between Customers Next Month
A group of Russian banks involved in the pilot phase of the digital ruble project will launch trials with transactions between real users in mid-August, the Chairman of the Board of Ingosstrakh Bank, Stanislav Danysh, announced, quoted by RBC Crypto.
As part of the tests, transfers of digital rubles between the participating banks, retail and corporate clients, as well as digital ruble payments for goods and services between companies will be carried out, Danysh detailed.
The executive highlighted that due to the importance of the project, initial testing will be conducted on a limited scale in terms of
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