Russia’s First Deputy Chairman of the Central Financial institution Olga Skorobogatova introduced on Friday that the Financial institution of Russia is ready to start a pilot mission on actual transactions with the digital ruble beginning April 1.

Skorobogatova was talking on the sidelines of a fintech convention in Russia, Russian information company TASS reported.

Skorobogatova clarified the pilot mission would contain actual transactions with actual clients, however for a restricted variety of transactions and for a restricted variety of shoppers. 

She added that peculiar clients wouldn’t be capable to take part within the testing section, and the regulator will use the completion of the mission to find out tips on how to scale using the digital ruble. 

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The 13 banks which were confirmed to take part have handed all assessments — each technical and operational — and are anticipated to enter the pilot mission with the shoppers they’ve recognized.

“The pilot will go on actual transactions, actual clients, however for a restricted variety of transactions and for a restricted variety of shoppers with 13 banks which have already technically confirmed their readiness,” Skorobogatova stated.

The Financial institution of Russia’s plan to check the digital ruble on actual shoppers was introduced earlier, and the regulator has set its sights on the launch of the alternate of the digital ruble for international forex and the opening of wallets for non-residents in 2024.

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Picture: Gerd Altmann from Pixabay