Russia's Digital Ruble Promotion Adds 87,000 Accounts in 10 Days
The Governor of the Central Bank of Russia, Elvira Nabiullina, stated that the digital ruble has been launched nationwide, with nearly 87,000 new accounts created in the past 10 days and over 50,000 transactions completed. Some banks encountered technical issues during account opening and transactions, but these have been resolved without any widespread failures or complaints. The Central Bank of Russia is working to reduce the steps required for account opening and transactions while maintaining security levels. The digital ruble has completed its nationwide rollout after real user testing began in 2023, allowing users to choose to use it. Twelve major banks in Russia and retailers with annual revenues exceeding 120 million rubles must accept digital ruble payments, with more businesses expected to be included by 2028.
-- Price
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