Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: MrSpasybo on October 16, 2020, 10:30:10 PM
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According to an Oct. 16 report by local news agency Izvestia, at least five Russian banks are interested in taking part in Russia’s non-public digital ruble pilots in the first half of 2021.
According to the report, the central bank is considering using the digital ruble to distribute salaries and benefits once the currency is publicly adopted. The Bank of Russia reportedly said that users will be able to store and transfer the upcoming digital currency through an “analog of a bank card.” In order to accept the digital ruble, merchants will have to “reconfigure payment terminals,” the report notes.
Article: Five Russian banks express interest in piloting digital ruble (https://cointelegraph.com/news/five-russian-banks-express-interest-in-piloting-digital-ruble)
What do you think about CBDC in the plan of the Russian government? We all know that Russia recently issued and repealed many crypto laws and made the Russian crypto community dare not take any action. Is CBDC RUB in the Russian joke too?!
And I don't understand why they don't use Putin Coin as stable coin :)
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I don't think Putin Coin can be marketable especially if they are thinking of going international, in the same way that China never entertained the idea of having Xi Jinping Coin as it is too myopic and too tribal. Now, I am really sure that Russia is going to push this idea of going digital or having its own CBDC soon. They don't want to be left out by China, in the first place and I know they already recognized the big potential of having a state-backed cryptocurrency that can easily bypass the already established norms of international commerce. Just like China, the push is to make sure that the dominance of the USA Dollar is slowly clipped. This is one reason why America should think ahead because by the time when the demand for the USA Dollar will dry up then that can be the time when its people will feel the many ill effects of printing paper money at will.
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Now it is the introduction of national digitized currencies of states that is of great importance and is considered by most states. National stablecoins of the central banks of states cannot be dedicated to individual leaders, they are a clear relic of the past. In Russia, there should be, and I think that there will be a digitized ruble. All states already see significant advantages of such a step in the development of the existing financial system.
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Of course, Russia will also keep up with technical progress in the financial sphere. Most states are now actively working to create national stablecoins for central banks. It is economically much more profitable and more efficient for using traditional cash and non-cash currency.
After the Chinese digitalized yuan starts working and its implementation is successful, other states will very quickly begin to work in this area of finance.
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Judging by the fact that we have been talking about the digitized ruble in Russia for more than one year, and it is still not visible, this really looks like a joke. But this is hardly a joke. It seems that among the leadership of Russia there is no consensus on this issue, and therefore the situation cannot move forward. And the problem is not quite simple for quick implementation. Indeed, in most countries the situation is approximately the same. Finances do not like quick decisions.
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Apparently, Russia will soon have no time for the digitized ruble. After Russia's attack on Ukraine, it suffers a military defeat on the fronts of Ukraine. The great empire, which has united about a hundred nations and nationalities and kept them in subjection for centuries, mainly by fear and force of arms, is bursting at the seams. Several of them have already announced their intention to secede from Russia, as they felt that the central government is weaker. Russia's economic power was based on oil and gas, which it shamelessly took away from the peoples of Siberia and the Far East. Without them, Russia will not be a force to be reckoned with by world powers.
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Judging by the fact that we have been talking about the digitized ruble in Russia for more than one year, and it is still not visible, this really looks like a joke. But this is hardly a joke. It seems that among the leadership of Russia there is no consensus on this issue, and therefore the situation cannot move forward. And the problem is not quite simple for quick implementation. Indeed, in most countries the situation is approximately the same. Finances do not like quick decisions.
Yeah, digital ruble might doesn't visible yet, but I think it will be.
The government still research and leaen to create digital currency.
I think we will see ma y new digital a currencies at the coming future.
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If the Digital Ruble is realized, then it will be good news for the future of crypto, as we know that several countries that are members of the BRICS such as China have developed Digital Yuan, this allows the use of crypto in the future, although currently some countries prohibit the use of crypto, but I'm sure the country that created the CBDC system will accept crypto in the future
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If the Digital Ruble is realized, then it will be good news for the future of crypto, as we know that several countries that are members of the BRICS such as China have developed Digital Yuan, this allows the use of crypto in the future, although currently some countries prohibit the use of crypto, but I'm sure the country that created the CBDC system will accept crypto in the future
A Central Bank Digital Currency (CBDC) is the digital form of a country’s fiat currency that is also a claim on the central bank. Instead of printing money, the central bank issues electronic coins or accounts backed by the full faith and credit of the government (https://www.atlanticcouncil.org/cbdctracker/)
You should also be able to see the world's CBDC Dev and launch so far.
So with that definition above, how would that be good news for Crypto? Is CBDC a new cryptocurrency? I believe some of us are getting this CDBC thing confused with Cryptocurrency and that is the Intention of the Governments that are putting out these CBDCs around the world. They are doing this because they don't want their citizens to continue to trade crypto, like china which has banned everything crypto, the Nigerian Government that has Ban Crypto transactions, and some other such countries.
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According to an Oct. 16 report by local news agency Izvestia, at least five Russian banks are interested in taking part in Russia’s non-public digital ruble pilots in the first half of 2021.
2021 has already passed, and 2022 is ending, but we hear nothing about the appearance of a digitized ruble in Russia. Now they have definitely different problems in connection with the failed war in Ukraine and the threat of the collapse of Russia itself into independent republics.
Russia kept dozens of nationalities in obedience, which now, having felt the weakness of the central government, want to secede from the Russian Federation. Many held their own referendums on self-determination back in the 90s, but the will of these peoples was leveled by Moscow (the Chechen Republic of Ichkeria, the Republic of Tatarstan, the Republic of Bashkiria, the Republic of Kalmykia, the Republic of Buryatia).
Russia allegedly started a war in Ukraine so that the inhabitants of the Donetsk and Lugansk regions of Ukraine would have the right to self-determination. Now we will see how Russia will react to the same processes in itself. The two Chechen wars are clear evidence of such a reaction. But now Russia will no longer be able to brutally suppress such processes by force of arms.
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The global gaming industry generates revenue across three market subsets: mobile, PC, and console gaming, which together are valued in the hundreds of billions of dollars and growing. However, while industry incumbents profit from this robust growth, players generate little lasting value for themselves. After investing in expensive consoles, PCs, or mobile devices, players enter gaming environments that offer a tiered-access user experience. In these traditional games, money flows in one direction: Players must spend money to access in-game content and exclusive features.
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China wants to create a digital yuan, Russia too. This is a race for dominance. Certainly good development trends. Following such states, Ukraine, Kazakhstan, and neighboring countries will follow. This is to be, because progress does not stand still and needs to be developed.
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The global gaming industry generates revenue across three market subsets: mobile, PC, and console gaming, which together are valued in the hundreds of billions of dollars and growing. However, while industry incumbents profit from this robust growth, players generate little lasting value for themselves. After investing in expensive consoles, PCs, or mobile devices, players enter gaming environments that offer a tiered-access user experience. In these traditional games, money flows in one direction: Players must spend money to access in-game content and exclusive features.
Please, this post has nothing to do with what is been discussed here, maybe you should move it to its appropriate board or channel.
China wants to create a digital yuan, Russia too. This is a race for dominance. Certainly good development trends. Following such states, Ukraine, Kazakhstan, and neighboring countries will follow. This is to be, because progress does not stand still and needs to be developed.
A race for dominance? Please, what is the real difference between the existing digital banking and the new CBDC these governments are trying to launch? I am in a country that has already launched its CBDC and I can tell you it is not popular amongst citizens and not different from the traditional digital BAnking that is already in place. Hope we are able to realize that this is just another form of fiat money as I have mentioned before in my previous post and let me post this here for you again:
A Central Bank Digital Currency (CBDC) is the digital form of a country’s fiat currency that is also a claim on the central bank. Instead of printing money, the central bank issues electronic coins or accounts backed by the full faith and credit of the government (https://www.atlanticcouncil.org/cbdctracker/)
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I think CBDC rub is not a joke.
Russian government have consideration to create crypto or digital currency.
I think Russian and other big country will have own crypto currency at the coming future.
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I think CBDC rub is not a joke.
Russian government have consideration to create crypto or digital currency.
I think Russian and other big country will have own crypto currency at the coming future.
You're right, I also believe we will see many crypto from the government.
CBDC, Digital yuan, etc.
Let's see what will happen at the next several years, crypto will dominate at the world.
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If the Digital Ruble is realized, then it will be good news for the future of crypto, as we know that several countries that are members of the BRICS such as China have developed Digital Yuan, this allows the use of crypto in the future, although currently some countries prohibit the use of crypto, but I'm sure the country that created the CBDC system will accept crypto in the future
This topic was created in 2020. In a few days it will be 2024. But I don’t see any success in Russia in creating its own CBDC.
Putin's Russia is now busy conquering neighboring states and has no time for such trifles. Having attacked Ukraine, Russia now has many of its own unresolved problems, which are generally related to the survival of Russia as a state. In my opinion, she no longer cares about the digital ruble here.
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Yeah, many years have passed and we have not had any official announcement from the Russian government. Along with the success of e-CNY, we may soon see e-RUB or e-RUS released and tested by the Russian government.
Besides, BRICS is becoming strong, maybe they will create a common currency like e-BRICS to replace USD in their payment system.
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This topic was created in 2020. In a few days it will be 2024. But I don’t see any success in Russia in creating its own CBDC.
Putin's Russia is now busy conquering neighboring states and has no time for such trifles. Having attacked Ukraine, Russia now has many of its own unresolved problems, which are generally related to the survival of Russia as a state. In my opinion, she no longer cares about the digital ruble here.
Russia is trying hard to resolve this but in reality something has sparked a war between Ukraine and Russia and it seems like this project is still running but not as usual because many people are taking cover and of course everyone needs more time for the success of this project.