Odaily Planet Daily News The Central Bank of Russia predicts that the digital ruble (the local central bank digital currency (CBDC)) may be widely adopted in the country in 2025. This move demonstrates the Russian Central Bank’s strategic approach to modernizing the domestic payments sector.
Olga Skorobogatova, First Deputy Governor of the Bank of Russia, emphasized that the digital ruble is seen as an additional payment method, alongside existing options such as the Fast Payment System, Mir payment cards, QR code/NFC payments, and biometric-based payments.
The Central Bank of Russia stated that the digital ruble will coexist with physical cash (such as banknotes and coins) and does not intend to replace cash. (Cryptopotato)