According to Kirill Pronin, Director of the Financial Technologies Department of the Bank of Russia, the fees for the transfer of the national digital currency will not be higher than in the Fast Payments System.
The Bank of Russia plans to charge commissions for operations with the digital ruble. This was announced by Kirill Pronin, Director of the Financial Technologies Department of the Bank of Russia, at the forum “The Banking System of Russia: Ensuring the Availability of Services and Resources in the Context of Increasing Risks,” writes Prime . According to Pronin, commissions for transactions with the digital ruble will be lower than commissions for wire transfers in banks and no higher than in the Fast Payment System.
Pronin also explained that now the Central Bank is discussing the format of the digital ruble. It is assumed that it will be in the form of a unique digital code, which is stored in a special electronic wallet, and will become a full-fledged means of payment along with a regular ruble.
With the help of the Quick Payments System, Russians can transfer money to each other by phone number, as well as pay for goods and services using a QR code. The system was launched in 2019 and allows you to transfer funds without interest up to 100 thousand rubles. For transfers over this amount, the system charges a commission of 0.5% of the transfer amount, but not more than 1.5 thousand rubles per transfer.
On November 15, the Bank of Russia announced the conditions for the introduction of the digital ruble into the country's economy. According to the chairman of the regulator Elvira Nabiullina, testing a prototype of the national digital currency may take more than a year.
In early November, it became known that the Bank of Russia would release a prototype of the digital ruble in early 2022. Over the next year, the regulator will test the digital ruble and after that will make the final decision on the issue of the national digital currency. In January 2022, the State Duma plans to start developing amendments to the legislation necessary to introduce the digital ruble into the country's economy.
The digital ruble is an additional form of the Russian national currency to be issued by the Bank of Russia. It combines the properties of cash and non-cash rubles. Like non-cash money, the digital ruble makes remote payments and online settlements possible. On the other hand, like cash, it can be used offline – in the absence of Internet access.