On August 15, the tests of the digital ruble will begin in Russia. This was announced this Wednesday by Olga Skorobogatova, first deputy governor of the Bank of Russia.

This pilot test is decisive in the country’s transition to digital currency. “This step facilitates the examination of the functionality of the digital ruble platform in an industrial context, the refinement of essential procedures in collaboration with clients, the possible adjustments of processes and the guarantee of an easy and understandable experience for the client,” indicated Skorobogatova.

Anticipating positive results after the tests in the 13 Russian banks, the objective will be to generalize the use of the digital ruble, establishing 2025 as the deadline for Russian citizens to be able to use said digital currency.

“The initial phase of the pilot program will focus on refining core processes, including digital ruble account creation and funding (digital wallets), digital ruble transactions between individuals, hassle-free automated payments, and the use of a QR code for transactions related to purchases and services”.

The pilot test will give participants the opportunity to carry out transactions in 30 commercial establishments located in 11 Russian cities. Next year, they will expand the type of transactions, and in addition to the use of the QR code, it will be possible to make transfers between legal entities.

M.Pino

Source: cointelegraph

(Reference image source: Unsplash, in collaboration with Alexander Mils)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on Twitter and Instagram

La entrada Russia to start tests with the digital ruble on August 15 apareció primero en Bitfinance.