The Central Bank of the Russian Federation (CBR) has announced plans to commence test operations with its digital ruble.
The pilot program, scheduled to be conducted between real customers at the beginning of April will allow customers to determine how to scale the use of its central bank digital currency (CBDC).
As reported by ‘Bitcoin. com’, banks that have been selected for the exercise have passed all technical and operational tests to enter the trials on April 1.
According to the Deputy Governor of the bank, Olga Skorobogatova, the plan is to start with transfers between individuals and payments between trade and service companies.
Skorobogatova emphasized that these will be “real transactions” and “real customers” of 13 banks that are ready to take part.
This initial testing stage leaves out ordinary customers by limiting the initial number of transactions and participants.