Russia's Digital Ruble: 220K Accounts in First Month, Spending Concentrated at Magnit and Marketplaces
- —Bank of Russia expected 60,000 accounts by year-end; 220,000 opened in one month
- —T-Bank: over 50,000 accounts, mostly top-ups and transfers
- —VTB: top-5 merchants include Magnit, marketplaces and Mosenergosbyt
- —61% of non-financial organizations have not started preparing to accept the digital ruble
Why it matters: The mass rollout of Russia's third form of national currency could accelerate the shift to digital payments and shape demand for crypto alternatives.
Source: BeInCrypto RU
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