The Bank of Russia's central bank digital currency (CBDC), the digital ruble, is ready for a pilot phase, said bank's deputy governor Olga Skorobogatova on Friday.
The project will be launched for for peer-to-peer transfers between individuals and for retail purchases, Skorobogatova told journalists during a fintech conference in Russia. "The pilot will work on real operations for real people, but only for a limited numbers of them, with the 13 banks that have signaled they're ready," she said, according to Russian news agency TASS.
The central bank will pilot the CBDC with sets of selected clients, she added. After the pilot, the Bank of Russia will decide on the ways to scale the project, according to TASS.
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