Due to the legislative process, the full-scale tests on the digital ruble that were supposed to start on April 1 have been delayed. Nevertheless, the various actors making up the project would be ready from a technical point of view.
The digital ruble is falling behind
While tests on the digital ruble pilot project with real users were supposed to start as early as April 1 in Russia, these have been delayed due to the legislative process. Indeed, the bill initiated in January only saw its first reading in the State Duma, and it will be necessary to wait until a complete adoption to officially start.
It is therefore by the end of April/May the new calendar is projected, according to comments reported by the Tass news agency.
Nevertheless, everything would seem to be operational for the launch from a technical point of view, and said tests will start as soon as the law is adopted, according to the country’s central bank. Of the 15 banks originally announced, 13 have confirmed that they are ready to participate.
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For its part, Sinara Bank indicated that it had developed features on its mobile application, for the opening and management of a digital wallet, in view of these trials. Vitaly Kopysov, chief innovation officer of the bank, spoke about the digital ruble:
“The main task of the digital ruble is to create new opportunities for the state and businesses. Banks, as financial intermediaries, will receive a new infrastructure for transfers using the digital ruble, including cross-border transfers. New services will be created, stimulating increased competition for customers in the financial sector. »
Despite this slight delay, Russia remains ahead of this work in central bank digital currency (CNBC), compared to other countries. This work has certainly been accelerated by cross-border payment issues generated by his invasion of Ukraine, causing its closure to the West.
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Source: TASS
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I timidly discovered the world of blockchain at the end of 2018 during my quest for financial freedom. Initially invested moderately, it was only two years later that I took the gamble of betting everything on the movement that was taking shape then. I then dedicate 2021 to training myself better to acquire more knowledge and seriousness. As I often like to say: I still have a billion things to learn. And what I do know, I want to share with you.
Vincent Mayor
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