Russian Corporations Start Using Digital Ruble

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By BitcoinWiki News

Key Takeaways:

– Russian corporations are starting to use the digital ruble, the country’s CBDC.
– The state-run Sirius Innovation Science and Technology Center has opened a corporate digital ruble wallet.
– The center used the VTB Bank-developed remote online business banking platform to create the wallet.
– Rostelecom, the state-operated telecoms and digital services provider, has also opened a digital ruble wallet.
– Rostelecom used the VTB platform to open its wallet and conduct customer-to-business payments.
– A beauty parlor in Yekaterinburg and PSB have also made use of the digital ruble for payments.
– Currently, 600 citizens in 11 cities are using the digital ruble, with more banks set to join the pilot next year.


Russian corporations, including the state-run Sirius Innovation Science and Technology Center and Rostelecom, are adopting the digital ruble, the country’s central bank digital currency (CBDC). The Sirius center has opened a corporate digital ruble wallet and has successfully conducted business-related operations using it. Rostelecom also opened a digital ruble wallet and made customer-to-business (C2B) payments using the VTB Bank platform. A beauty parlor in Yekaterinburg has also accepted a payment using the digital ruble. Currently, around 600 citizens in 11 cities are using the digital coin, and more banks are expected to join the pilot early next year.

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