9621 Agnes Crossing, Lake Suzanneview, New Mexico Island 84604-9295.
What Russian economists and bankers have been mumbling about for so long “on the sidelines” of various forums is about to become a reality. In a month and
The first deputy chairman of the Central Bank, Olga Skorobogatova, announced during the forum “Cybersecurity in Finance” that from April 1, the platform of the so-called digital ruble will work in trial mode in Russia. The authorities have been talking about it for almost three years, and only now have the plans actually been implemented. The digital ruble is essentially a cryptocurrency. Only it is not mined like bitcoin. “Tsifroruble”, let’s call it that, will be an analogue of such a crypt as USdt. That is, a “stablecoin” – a cryptocurrency whose value is strictly tied to the price of conventional (fiat) money. USDt – to the US dollar, and “digital ruble” – to the Russian ruble.
USdt was invented and published by a handful of programmers, and the “digital ruble” was the Russian Central Bank. USdt is stored on cryptocurrency exchanges (and exchanged for other coins there) and in virtual “wallets”. It will be possible to save and perform operations with the “digital ruble” on a virtual platform created by the Central Bank of the Russian Federation.
At first glance, it is not entirely clear: why all these problems with the ancestral Russian “crypto”, if you have non-cash rubles in accounts in a regular bank? The “trick” here is that when using the “digital ruble”, any citizen or company loses bank commissions and other “service charges”. That is, they will not be forced to give a percentage of their hard-earned money to bankers for every “sneeze” in certain financial transactions.
For example, if you buy a car from a car dealership with a debit card, you also pay interest to the bank for the acquisition. An organization that accepts plastic cards gives him 1.5-5% of every amount that has passed through the payment terminal. These fees are “wired” into all prices. When paying by card for the purchase of spare parts in a store or for the work of a gas station, the car owner each time “loosens” a small part to the bankers. And when calculating “in the crypt” acquiring is not provided. And the sellers of everything and everyone are given the opportunity to lower prices, even if only slightly.
Another pleasant moment of the introduction of the “digital ruble” may appear when it begins to circulate internationally. There is a strong fundamental starting point for this. This will be the world’s first cryptocurrency, issued not by yet another bunch of nimble programmers who could disappear from the horizon at any moment, but by the state. Moreover, a state with a completely stable economy, which cannot be overthrown even with the current strictest Western sanctions.
So, if the “digital ruble” is de facto recognized outside Russia, Russians there will be able to buy everything remotely, from spare parts to cars, without intermediaries. Let’s wait and see how it works out in practice. But the prospects are intriguing…
The first deputy chairman of the Central Bank, Olga Skorobogatova, announced during the forum “Cybersecurity in Finance” that from April 1, the platform of the so-called digital ruble will work in trial mode in Russia. The authorities have been talking about it for almost three years, and only now have the plans actually been implemented. The digital ruble is essentially a cryptocurrency. Only it is not mined like bitcoin. “Tsifroruble”, let’s call it that, will be an analogue of such a crypt as USdt. That is, a “stablecoin” – a cryptocurrency whose value is strictly tied to the price of conventional (fiat) money. USDt – to the US dollar, and “digital ruble” – to the Russian ruble.
USdt was invented and published by a handful of programmers, and the “digital ruble” was the Russian Central Bank. USdt is stored on cryptocurrency exchanges (and exchanged for other coins there) and in virtual “wallets”. It will be possible to save and perform operations with the “digital ruble” on a virtual platform created by the Central Bank of the Russian Federation.
At first glance, it is not entirely clear: why all these problems with the ancestral Russian “crypto”, if you have non-cash rubles in accounts in a regular bank? The “trick” here is that when using the “digital ruble”, any citizen or company loses bank commissions and other “service charges”. That is, they will not be forced to give a percentage of their hard-earned money to bankers for every “sneeze” in certain financial transactions.
For example, if you buy a car from a car dealership with a debit card, you also pay interest to the bank for the acquisition. An organization that accepts plastic cards gives him 1.5-5% of every amount that has passed through the payment terminal. These fees are “wired” into all prices. When paying by card for the purchase of spare parts in a store or for the work of a gas station, the car owner each time “loosens” a small part to the bankers. And when making payments “in the crypt” there is no acquisition. And the sellers of everything and everyone are given the opportunity to lower prices, even if only slightly.
Another pleasant moment of the introduction of the “digital ruble” may appear when it begins to circulate internationally. There is a strong fundamental starting point for this. This will be the world’s first cryptocurrency, issued not by another bunch of clever programmers who could disappear from the horizon at any moment, but by the state. Moreover, a state with a completely stable economy, which cannot be overthrown even with the current strictest Western sanctions.
So, if the “digital ruble” is de facto recognized outside Russia, Russians there will be able to buy everything remotely, from spare parts to cars, without intermediaries. Let’s wait and see how it works out in practice. But the prospects are intriguing…
Source: Avto Vzglyad
Donald Salinas is an experienced automobile journalist and writer for Div Bracket. He brings his readers the latest news and developments from the world of automobiles, offering a unique and knowledgeable perspective on the latest trends and innovations in the automotive industry.
