Connecting to digital ruble may cost a small bank up to 3 years of profit
- —Bank of Russia puts digital ruble connection cost at 25–31 million rubles
- —Banks had estimated implementation costs of up to 100 million rubles
- —For a mid-sized bank that is up to 10% of capital and 2–3 years of profit
- —36 banks are connected to the platform, with 270,000 accounts opened
Why it matters: Digital ruble costs could become a barrier for smaller banks, accelerating consolidation in the sector.
Source: BeInCrypto RU
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