VTB Bets on Digital Ruble for Cross-Border Settlements
- —Kostin: the digital ruble will become a key part of the financial system, but the shift will be gradual
- —VTB's main focus is cross-border settlements on the digital ruble platform
- —Nearly 200,000 wallets opened in three weeks versus 5,000 over three years of piloting
- —36 banks are connected, and the CBR is preparing offline digital ruble payments
Why it matters: Cross-border digital ruble settlements could reduce Russia's reliance on dollar infrastructure and accelerate CBDC adoption.
Source: BeInCrypto RU