Russia to start using CBDC for cross-border payments in 2025
Russia plans to use digital rubles for the first cross-border payment in the second half of 2025. Anatoly Aksakov, Chairman of the Financial Market Committee of the State Duma of Russia, said that transactions with China or Belarus' central bank digital currencies (CBDC) are being considered. "Fundamentally, few countries have made significant progress in using national digital currencies. That's why technically, they're not ready to launch digital currencies when settling with other countries. However, I believe that within five years, this will become a common practice."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
OpenAI countersues Elon Musk over alleged takeover attempt
XRP forecasted to reach $43.94 by 2030 amid market shifts
ShareRing trials blockchain ID for Australian age verification
Justin Sun, Rand Paul, Brock Pierce and Karnika Yashwant join forces to power Liberland
Share link:In this post: Liberland celebrates 10 years with major names like Justin Sun, Rand Paul, and Brock Pierce joining its event. Justin Sun pledges TRON’s support, committing to help Liberland become EVM-compatible. Mr. KEY joins Liberland’s Congress, adding crypto credibility and championing the nation’s freedom-first philosophy.
Trending news
MoreCrypto prices
More
