Deputy President and Chairman of VTB Bank Management Board Anatoly Pechatnikov told reporters on Tuesday that Russia’s second-largest lender intends to test operations with the digital ruble among its employees this year, according to TASS – Russian News Agengy.
„VTB is moving ahead of its initial schedule with its digital ruble launch. We have tested operations with digital rubles and the purchase of digital financial assets for digital rubles. This year we plan to test operations with Friends & Family, which means our bank’s employees, they are the ones who will start paying with digital rubles in practice,” he clarified.
The bank’s clients will be able to start exchanging non-cash rubles for digital ones in 2024, Pechatnikov noted.
Earlier, Russian Central Bank’s Governor Elvira Nabiullina said that amendments to the legislation required for testing the digital ruble in real transactions and among clients, has already been readied and they were planned for the State Duma’s review soon.
The Bank of Russia said earlier that it had planned to start testing the digital ruble on real clients in April 2023. The pilot, with participation from 13 banks, involving P2P and retail payments. The exchange of the digital ruble for foreign currency and the opening of wallets to non-residents may start in 2024.
Central bank first deputy chairman Olga Skorobogatova told reporters that, while the pilot will involve real payments, it will be for a limited number of transactions and customers.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
