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Moscow Metro is set to trial the use of Russia’s digital ruble as part of the Central Bank of Russia’s testing program for the central bank digital currency (CBDC). In the initial phase of this pilot, a select group of Metro employees will have the option to pay for their fares using a digital ruble wallet or by purchasing a Troika transit card with the digital currency.

The pilot project has the support of the Central Bank of Russia and VTB Bank, and the Moscow Metro plans to evaluate the results to explore the possibility of introducing the digital ruble for other forms of urban transportation. This move follows the recent enactment of a law allowing for the real-world testing of the digital ruble in Russia.

The introduction of the digital ruble for transportation payments is a significant step towards exploring the potential of CBDCs in practical use cases. By utilizing the digital currency, Moscow Metro aims to provide its employees with a convenient and efficient payment method.

This pilot program also highlights the collaboration between public transportation providers and financial institutions in promoting the use of digital currencies. The partnership between the Moscow Metro, the Central Bank of Russia, and VTB Bank demonstrates the commitment to integrating innovative payment solutions into everyday transactions.

As the pilot progresses, the outcomes of this trial will help shape the future of the digital ruble’s implementation and its potential adoption across various sectors. This initiative contributes to the ongoing development and exploration of CBDCs, positioning Russia at the forefront of digital currency innovation. Exciting opportunities lie ahead as the digitization of financial systems continues to evolve.

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