The digital ruble is unlikely to take a significant share in Russian calculations over the three-year horizon, but it will have at least three applications in the future. In this respect writer With reference to the experts interviewed RIA Novosti.
Pavel Kashitsyn, director of ratings for structured finance instruments at Expert RA, acknowledged the fact that in three years the digital ruble will not be able to take a significant share in citizens’ calculations. Yegor Krivosheya, head of the Blockchain and Fintech Lab at the Skolkovo School of Management, says that the first large-scale area for the use of the new ruble will most likely be state payments – benefits, pensions, auctions. However, this requires the digital ruble to work offline, and this issue is still under development.
According to Kashitsyn, the digital ruble can be actively used for cross-border transfers, which is especially important in the context of sanctions and limited access to the SWIFT international interbank payment system. He also added that a new form of money could be used in project financing.
How to pay using a new form of money and when does this option become available to everyone, what are the pros, cons and risks for Russians? material “socialbites.ca”.
Testing with real digital rubles begins August 15 in Russia. A limited number of customers of 13 banks participating in the project will take part in the project at the first stage.
Previously, the Central Bank of the Russian Federation saidHow will the digital ruble affect the Russian economy?