
Russian mobile networks plan wallet and payment services for digital ruble
Mobile networks Beeline and Megafon are reported to be considering supporting services for an eventual central bank digital currency.
Mobile networks Beeline and Megafon are reported to be considering supporting services for an eventual central bank digital currency.
The Chinese model for its digital yuan is a better template for Russia in exploring a central bank digital currency, central bank officials said.
The state owned bank is reportedly nearing rollout of the technology, which will provide access to digital currencies and digital assets via blockchain.
The Russian central bank recently met with some of the country’s commercial banks to discuss the proposed digital ruble.
The Bank of Russia is formally exploring options for a central bank digital currency, which would create a “digital ruble” as a supplement to cash.