Russia’s VTB Bank Adds Digital Ruble To Banking App

Russia’s VTB Bank Adds Digital Ruble To Banking App

Certain customers will be given the opportunity to conduct test transactions.
The bank also showcased a functionality for purchasing digital financial assets.
Among Russian banks, VTB Bank is the first to design a prototype that would let customers utilize the digital equivalent of the country’s fiat currency to fund accounts and make transactions using the bank’s mobile app.
The bank’s press service indicated that in 2023, certain customers will be given the opportunity. To conduct test transactions using the digital ruble. Vadim Kulik, Deputy Chairman of VTB’s Executive Board was optimistic about the recent development.
Vadim stated:
“At this stage, we are testing the opening of wallets for legal entities, we have already managed to register a legal entity, set up a wallet for it and generate a static QR code to pay for purchase.”
Deploying Digital Ruble
The bank also showcased a functionality for purchasing digital financial assets, or coins and tokens. With an issuer un

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