Russia’s Central Bank Introduces A “Two tire System For Digital Ruble

The central bank of Russia made it known on Thursday that banks would be opening digital wallets with the regulator, serving as intermediaries for companies and customers.

They made their intention known last October, saying it can issue the digital ruble on top of existing cash and non-cash rubles to facilitate payments.

A distributed ledger technology is being used for this.

Also noted that accessing one’s wallet through another organization would be possible.

Author: mBRzeVZxHo

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