The pilot project with real money will start in the near future. Participants of the focus group, formed from among the bank's employees, will have access in the VTB Online application to operations for opening accounts in digital rubles in real time, transfers between individuals, paying for goods and services with digital rubles in the usual way - using transfers via QR code. It will also be possible to use smart contracts with the digital ruble for individuals.
"In addition to new opportunities for managing corporate and personal finances, the introduction of digital currency is a qualitative shift in the field of global payments. We are on the verge of creating an international decentralized system of payments in digital currencies, in which there will be no monopolists, and we are very pleased to be at the forefront of these processes. By participating in the digital ruble pilot project, we get the opportunity to be the first to see all the advantages of using digital currencies and offer our clients new banking products and services on a completely new technological platform. At the same time, as part of the pilot project, we will be able to give feedback to the Bank of Russia and thus influence the formation of the landscape of the future payment space," saidVadim Kulik.
Today there is a need for the formation of a new trusted payment space, where transfer, transaction programming and information management are linked into one whole and reliably protected. The digital ruble platform will provide new opportunities for creating self-executing transactions. A secure environment will appear for programming smart contracts.
The use of smart contracts on the platform of the digital ruble will ensure transparency of payments, as well as the possibility of flexible management of balances on your digital wallets. At this stage individuals will be able to use autopayments in digital rubles, pre- setting the date, amount and recipient of the transfer. As it develops, other possibilities of self-executing transactions with the digital ruble will become available.
At the first stage of the pilot project, individuals - participants of the VTB focus group - will be able to pay for the services of project partners with digital rubles. For example, the Moscow Metro will begin testing sales for digital rubles of souvenir "Troika" cards and cards with a "Wallet" ticket balance.