The Central Bank on its website announced the creation of a digital ruble, which should become the third means of payment in Russia.
It is noted that the final decision on the issue of the digital ruble has not yet been made, this requires public consultations. Currently, the society has formed a request to "increase the speed, convenience and safety of cash payments using modern technologies."
All three forms will be absolutely equal - as now 1 ruble in cash is equivalent to 1 non-cash ruble, and 1 digital ruble will always be equivalent to each of them. At the same time, owners of money will be able to freely transfer rubles from one form to another, ”the report says.
The Central Bank said that like cash and non-cash rubles, the digital ruble will perform all the functions of money - a means of payment, a measure of value and a store of value.
Data on transactions with the digital ruble will contain more limited information about the purpose of the payment and its recipient than existing payment systems, which reduces the risks of using personal information about consumer preferences,” the document says.
The implementation of the initiative involves several stages, including holding public consultations, developing the concept of a digital ruble and a special platform, and then testing on a limited circle of users.
You Can Follow Me Here:
➡️ Twitter: https://twitter.com/bitinvest_news