Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

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Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

   Bank of Russia Banks Business CBDC central bank consumers digital Digital Ruble Finance payment QR code Regulation Retailers ruble Russia Transactions    September 16, 2024  |  0

Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025The Bank of Russia aims to open the payment infrastructure for the Russian central bank digital currency (CBDC), the digital ruble, by July next year. Larger banks will offer digital ruble accounts and services by this deadline, with smaller institutions following later. The initiative seeks to enhance payment efficiency and reduce costs, with retailers also […]  Read more »
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