Bank of Russia States Digital Ruble Pilot Will Continue Until the End of 2024

[sirty143]

Bank of Russia States Digital Ruble Pilot Will Continue Until the End of 2024

The Bank of Russia has offered an update on the future of the digital ruble pilot, the Russian central bank digital currency (CBDC). The bank’s press service clarified that the pilot will continue throughout 2024... See more for yourself here.

Your opinion is greatly appreciated.

[SamReomo]

The Bank of Russia has offered an update on the future of the digital ruble pilot, the Russian central bank digital currency (CBDC). The bank’s press service clarified that the pilot will continue throughout 2024.
Your opinion is greatly appreciated.

So there won't be any digital ruble until 2025 if I'm not wrong? I believe that they'll launch their CBDC in early 2025 or maybe in final quarter of 2024. They even claimed that there won't be any transaction fees for customers or citizens of the country which's a positive thing I believe.

[Tribalchief]

The Bank of Russia has offered an update on the future of the digital ruble pilot, the Russian central bank digital currency (CBDC). The bank’s press service clarified that the pilot will continue throughout 2024... See more for yourself here.

Your opinion is greatly appreciated.

The digital world is becoming more digital by the day. It's obvious that crypto currency is not going to be the only digital form of currency. This is indeed a welcome development from the financial perspective. We basically move about with our digital phones, so there is nothing wrong in carrying our banks about.

However, I believe this trend could pose a potential threat to the banking sector, particularly in my country, where banking institutions feel they posses significant power, controlling how much we can withdraw.

The key factor is how smoothly people can adapt to digital currency. I think that measures like 'zero transaction fees' will contribute to capturing the interest of many.