Banks ready for wide use of digital ruble — Central Bank chief

AI Summary

The Bank of Russia is preparing for broader adoption of the digital ruble, exploring options for digital ruble wallets at banks and the use of smart contracts for business operations according to Central Bank chief Elvira Nabiullina.

The Bank of Russia is also discussing an option of digital ruble wallets opening at the banks’ balances and is exploring an idea of using smart contracts for the business, Elvira Nabiullina added