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23 October 2020

Five Russian banks express interest in piloting digital ruble

Five Russian banks express interest in piloting digital ruble


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16 report by local news agency Izvestia, at least five Russian banks are interested in taking part in Russia’s non-public digital ruble pilots in the first half of 2021.

The Bank of Russia reportedly said that users will be able store and transfer the upcoming digital currency through an “analog of a bank card.” In order to accept the digital ruble, merchants will have to “reconfigure payment terminals,” the report notes.

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