Russia’s Digital Ruble Hits 220,000 Accounts in One Month, Nearly 4X Official Forecast

2 hours ago 4

Rommie Analytics

Key Takeaways:

  • In its first month, the Russian digital ruble saw more than 220,000 accounts, just under 24 times the central bank’s predicted figure.
  • The CBDC launch coincides with BRICS countries discussing the possibility of linking national digital currencies for cross-border payments.
  • While the initial signups seem promising, some commercial banks and consumers doubt the digital ruble’s utility.