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Russia Prepares for National Digital Currency Rollout After Pilot Hits 100,000 Transactions

  • Russia's central bank reports that the digital ruble pilot has reached 100,000 transactions, with participation from users in 150 cities and support from 15 banks.
  • Transactions mainly involved transfers and retail payments, with tests conducted on thousands of smart contracts on the platform.
  • Plans for broader adoption aim to integrate the digital ruble into various services, with a phased rollout scheduled to start on September 1, 2026.
  • Authorities aim to address public trust issues through gradual adoption and education efforts, as the digital ruble is positioned as a more secure alternative in the face of private cryptocurrencies in Russia.

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