Central Bank to focus on domestic payments with the digital ruble

Central Bank to focus on domestic payments with the digital ruble

The Bank of Russia will focus on the development of domestic payments with the digital ruble. This was stated by the Director of the Bank of Russia's Financial Stability Department.

According to her, cross-border payments, as in many countries, are left to the next stage. “First of all, for example, we are starting to test the use of the Central Bank’s digital currency. We will also start with domestic payments and payments between citizens this year”, Danilova said.

She also noted that many regulators use this approach. "Therefore, probably, cross-border payments, one can probably think about them, but so far this is not a subject for the immediate future", TASS quoted a representative of the Bank of Russia.

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