Russia launches the central bank's digital ruble, based on people having bank accounts at the central bank and transacting directly rather than through an intermediary bank.
The initial response seems to be tepid on roll out.
Adoption is voluntary, at the outset at least. Time will tell whether convenience outweighs security and privacy concerns.
But CBC (central bank currency) is happening.
Edward Slavsquat's SubstackModern-day Yuri Gagarin becomes first Russian to receive salary in digital rubles!
"Edward Slavsquat"
Riley Waggaman, a.k.a., “Edward Slavsquat,” an American journalist who has been living in Russia. Waggaman is a former RT writer/editor who has recently gone independent and writes on Substack.
