Russia Digital Ruble Adoption Surges After September Launch
15 Articles
15 Articles
More than 220,000 digital ruble accounts have been opened in Russia since its launch on September 1, far exceeding the central bank's expectations, the Russian central bank said on Tuesday. Meanwhile, public skepticism and resistance from commercial banks have not subsided, Reuters reported. Similar topics will be discussed at the Portfolio Banking Technology conference on November 10. Registration and details here!
The New York Ledger
Cryptocurrency News | Cryptocurrency Prices | Market CapRussia’s digital ruble accounts top 220K in first month, nearly 4X central bank forecast
The digital ruble’s early uptake comes as BRICS nations explore linking their digital currencies for cross-border trade and payments. Early adoption of Russia’s central bank digital currency, the digital ruble, has vastly exceeded forecasts, with more than 220,000 accounts opened in its first month, offering an early test of whether CBDCs can move beyond pilot […]
The number of digital ruble accounts opened by citizens in the month following the project's scaling up on 1 September exceeded 220,000, and announced at the FinTech x10 forum at Zulfy Kahrumanov, the deputy of the Bank of Russia.
During the first month, Russians opened more than 220,000 accounts in digital rubles, said Zulfiya Kakhrumanova, Deputy Chairman of the Central Bank. “I must say that our forecasts for opening accounts by the end of this year were very accurate. We thought that there would be about 60,000 accounts. We focused on numbers similar to fast payment transactions,” Kakhromanova said, speaking at the FinTech x10 forum. At the same time, she noted that m…
Coverage Details
Bias Distribution
- 60% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
