Russian bank launches digital ruble pilot, first C2C payment test

On January 22, the Central Bank of Russia completed the implementation of the digital ruble. Currently, most Russian banks are planning to start testing new CBDCs. One bank is Promsvyazbank (PSB), which now handles C2C payments, said Maxim Khrustalev, consultant for the bank's deputy director. After the completion of the C2C exchange, "C2B, B2C and B2B payments will also begin to test the technology. According to the results of the experiment, the Russian Central Bank will begin to introduce the digital ruble. Tinkoff Bank has recently developed a registration platform Switzerland, acquired and joined the pilot A management stake in Aximetria, a fintech start-up entering the cryptocurrency space Another major Russian bank, VTB, said its infrastructure was ready to pilot the digital ruble. Other banks participating in the first phase of the operation include Ak Bars, Alfa-Bank, Dom.rf Bank, Gazprombank, Rosbank, Sberbank, Bank Soyuz and Transcapitalbank. In Phase 2, where business for individuals and businesses, including C2B, B2B, and B2G industries, are initiated, Federal Finance and the financial industry are involved. (Bitcoin.com)