Russia's central bank will pilot 'real' digital ruble tests with 13 banks and a limited set of their clients starting Aug. 15. iamsandali reports.
“The launch of pilot operations with real digital rubles is the most important stage of the project," the Bank of Russia said in Wednesday's announcement."This will allow us to test the operation of the digital ruble platform already in an industrial environment, work out all the necessary procedures with the involvement of clients, adjust processes, if necessary, and make sure that the client path is convenient and understandable for users.
The tests will be conducted through 13 banks and a limited circle of their clients, according to the announcement. First stages of testing will focus on digital wallets, transfers between citizens, purchases of goods and services using QR codes and simple automated payments. "Pilot participants will be able to pay with digital rubles at 30 retail outlets located in 11 Russian cities," according to the announcement. By the end of this year, the list of pilot participants will be expanded by attracting both citizens and companies.
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