Bank of Russia: Testing the platform for the digital ruble has been successful – Bits Media

The Central Bank of the Russian Federation and large Russian banks made the first translations in digital rubles between the wallets of private individuals.

In testing the platform for crypto -cutting, they expressed a desire to participate 12 banks, which will be connected to the platform as their digital system. The Central Bank reports, that the pilot banking group successfully conducted a full cycle of operations for transferring digital rubles between customers through banking mobile applications.

The test included the operation of opening a digital wallet on a digital ruble platform through a bank mobile application, exchange of non -cash rubles for digital and transfers of digital rubles between accounts.

“We plan, that for citizens, transfers in digital rubles will be free and affordable in any region of the country, And for business this will reduce costs and create the possibility of developing innovative products and services. The state will receive a new tool for targeted payments and administration of budget payments ", - assured the first deputy chairman of the Central Bank Olga Skorobogatova.

Operations with digital rubles between participants in the banking market are planned to be organized on the principle of a two -level retail model, where the Bank of Russia is assigned the role of the issuer of digital rubles and the platform operator. The remaining financial organizations accompany the opening of new digital wallets and the financial control procedure for performing operations on the platform.

“During this year, we will test various scenarios and modify the platform of the digital ruble. At the following stages of the development of the platform, we also plan to provide seamless interaction with digital platforms and digital ecosystems ”, - promised the first deputy chairman of the Central Bank.

First, the Central Bank plans to continue testing digital rubles, Opening wallets to banks and citizens, as well as translations between individuals. Then it is planned to test the operations of payment of goods at retail outlets, Payments for public services, implementation of smart contracts, as well as interaction with the federal treasury.

It is supposed to implement the ability to carry out transactions in offline mode, interact with financial intermediaries and crypto companies, as well as the possibility of conducting operations with a digital ruble for non-resident customers, That is, foreigners.

In September 2021 the year of the Central Bank announced the launch of the digital ruble as one of its priority tasks for the period 2030 of the year. Later, the first deputy chairman of the Central Bank, Olga Skorobogatova, shared her vision about the prospects of the digital ruble and the goals of the regulator when implementing it.