Financial market analyst Maxim Glazkov sat down with RT to discuss the advantages of promoting Russia’s digital ruble. He described a new kind of currency stored in a dedicated electronic wallet. According to him, this technology enables fast and dependable financial transactions for both individuals and corporate clients. The digital ruble would also make it easier to monitor fund movements and keep calculations transparent, offering a clearer view of money flows for all participants.
He gave a vivid example: a unique identifier, much like a banknote, embedded in the digital system. A standout feature would be the ability to send money offline, without an internet connection. Wallet top-ups could occur in cash or through non-cash rubles, such as transfers from a bank card. Access to funds in the wallet would be provided through the financial institution that serves the user, ensuring a seamless link between digital holdings and traditional banking access.
Glazkov emphasized that the digital currency would not replace cash or non-cash money; it would complement them, expanding the spectrum of payment options. Anatoly Aksakov, a former chairman of the State Duma Financial Market Committee, noted the growing interest among many people who want to utilize digital rubles in Russia, signaling strong public engagement with this evolving form of money.