MOSCOW : Russia will begin piloting its digital rouble with consumers on Aug. 15 after a lengthy testing phase with banks, the central bank said on Wednesday, as Moscow looks to widen the scope of its cross-border payments.Russia, like many countries, has been developing a central bank digital currency (C
MOSCOW : Russia will begin piloting its digital rouble with consumers on Aug. 15 after a lengthy testing phase with banks, the central bank said on Wednesday, as Moscow looks to widen the scope of its cross-border payments.
Eleven countries, including a number in the Caribbean, and Nigeria, have already CBDCs, according to research by the U.S.-based Atlantic Council think tank, while many more, including China, are engaged in large-scale pilot testing. The pilot test will include opening digital wallets, making purchases with digital roubles and transfers between around 600 customers and 30 companies from 11 cities.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russia shoots down two Ukrainian drones headed for MoscowMOSCOW: Two Ukrainian combat drones headed for Moscow were shot down, Russian officials said on Wednesday (Aug 9), the latest in a surge of drone attacks targeting the capital. The a
Read more »
Commentary: Understanding Lee Kuan Yew’s ‘moment of anguish’ on Aug 9, 1965Singapore marks its 58th year of independence on Wednesday (Aug 9).
Read more »
Georgia mourns 2008 war dead as PM slams 'aggressor' RussiaTBILISI: Dozens of Georgians on Tuesday (Aug 8) marked the anniversary of a 2008 war with Russia in which some 400 of their compatriots died, as the prime minister branded Moscow an 'aggressor'. Russia sent thousands of troops into Georgia on Aug 8, 2008 after Tbilisi launched a large-scale military operat
Read more »
Stories you might’ve missed, Aug 7 - Singapore NewsHere are the top stories published today...
Read more »
Morning Digest, Aug 8 - Singapore NewsHere are the top stories you might've missed...
Read more »
Stories you might’ve missed, Aug 8 - Singapore NewsHere are the top stories published today...
Read more »