tests – DIGIT INFO

Bank of Russia to Start Testing Digital Ruble With Real Users on April 1

DIGIT — Mon, 20 Feb 2023 05:30:21 +0000

The Central Bank of Russia plans to launch test operations with digital ruble transactions between real customers at the beginning of April. More than a dozen banks will join the upcoming stage of the pilot project, a high-ranking representative of the bank announced to Russian media. Russia’s Monetary Authority to Trial Actual Settlements With Digital […]

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Georgia Prepares to Launch Digital Lari Pilot in First Half of 2023

DIGIT — Tue, 17 Jan 2023 04:30:41 +0000

The central bank of Georgia intends to publish a document detailing the concept of a national digital currency in the coming months. Other participating parties will use it to finalize their proposals for the pilot which the monetary authority plans to initiate in the first half of the year. Financial Authorities in Georgia Gear Up […]

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Central Bank of Turkey Reports First Payment Transactions on Digital Lira Network

DIGIT — Sat, 31 Dec 2022 08:30:01 +0000

The Central Bank of the Republic of Turkey (CBRT) has conducted the first payment transactions on the test network of the digital lira. The monetary authority intends to proceed with more testing in 2023 and plans to invite banks and fintech companies to join the trials. Turkey to Widen Participation in Digital Lira Project, Focus […]

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Russia’s Digital Ruble Integrated Into Banking App

DIGIT — Sat, 12 Nov 2022 21:49:42 +0000

VTB has become the first Russian bank to add the digital ruble to its mobile application. The integration is currently being tested with accounts set up for legal entities. Select customers will be granted access in the coming months and will be able to join the trials. VTB’s Mobile App to Support Digital Ruble Transfers […]

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Russia’s Tech Giant Rostec to Test Digital Asset Payments in International Trade

DIGIT — Mon, 12 Sep 2022 05:30:17 +0000

Russia’s leading technology company, Rostec, is working on a project to integrate digital assets into cross-border trade. The state-owned corporation says the market is interested in cryptocurrency payments which can reduce sanctions pressure on Russian exporters and importers. Rostec Eyes Russky Island for Trials of Digital Currency Payments The largest Russian industrial and technology conglomerate, […]

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Sanctioned Russian Bank Tests In-app Operations With Digital Rubles

DIGIT — Sat, 03 Sep 2022 10:30:51 +0000

A Russian bank, one of the country’s largest by assets, has conducted a successful trial with digital ruble transactions processed through its mobile app. The state-owned Promsvyazbank was one the institutions placed under Western sanctions earlier this year in connection with Moscow’s actions in Ukraine. Russian Bank Experiments With Digital Ruble Transfers via Mobile Application […]

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Bitcoin Price Outlook for August: BTC Faces Some Important Tests in the Coming Weeks

DIGIT — Fri, 05 Aug 2022 22:30:49 +0000

Exactly one month ago today, bitcoin was trading below $20,000 per unit as crypto markets continued to react to growing levels of inflation and central bank policy. However, a month later, the world’s leading crypto token has moved above $23,000, despite consumer prices rising to multi-decade highs. So with this in mind, where could bitcoin […]

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Russia Developing Sandbox for Cross-border Crypto Payments

DIGIT — Wed, 15 Jun 2022 21:00:05 +0000

An institute facilitating Russian exports is now working on the establishment of a sandbox for international crypto payments, local media reported. The goal is to identify potential regulatory and technological challenges for settlements with digital assets. Russia Prepares to Test Crypto Payments for Exports in Dedicated Sandbox The Russian Export Center (REC), which is a […]

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Eurosystem Seeks Providers of Prototype Payment Solutions for Digital Euro

DIGIT — Sun, 01 May 2022 12:30:54 +0000

Eurozone’s monetary authority, the Eurosystem, is looking to enlist financial companies willing to develop front-end solutions for the digital euro. The plan is to carry out a “prototyping exercise” this year to test transactions to the back-end developed by the regulator. Eurosystem to Select Front-End Providers for Digital Euro Project Within the ongoing investigation into […]

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Bank of Russia to Pilot Digital Ruble Settlements in 2023

DIGIT — Mon, 25 Apr 2022 05:30:01 +0000

Russia’s monetary authority intends to conduct the first settlements with the digital ruble next year, its governor announced this week. Speaking to Russian lawmakers, the official highlighted the important role the new currency is going to play for Russia under sanctions. Russia to Trial Digital Ruble in Settlements, International Payments The full launch of the […]

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