Scheduled to begin on September 1, the tests will focus on swapping between rubles and cryptocurrencies
The Russian government is preparing to start trials on cryptocurrency exchanges and digital token usage for cross-border transactions. These trials aim to alleviate payment difficulties for local businesses under international sanctions.
A senior IMF official has also suggested that a global CBDC platform could cut payment costs
The new ewallet solution is live. It allows users to make cross-border payments direct to the ewallet
Project Agora is set to test tokenization to enhance speed and integrity of international payments