Russian telecom operators “Beeline” and “Megafon” propose to develop a mobile application and additional services for the digital ruble.
The leaders of Beeline and Megafon proposed to link wallets for the digital ruble to a subscriber number to ensure convenient use of the state digital currency. Users will be able to store digital rubles on their smartphones, make peer-to-peer payments without intermediaries, and transfer digital rubles using a mobile phone number.
In addition, cellular operators will consider the possibility of creating additional services for the digital ruble, since the connection of customers with the Central Bank of Russia is insufficient. Due to the massiveness of mobile services, operators will be able to ensure the rapid spread of the digital ruble.
Director of Information Technology Development of the Ural Bank for Reconstruction and Development (UBRD) Sergey Shcherbinin noted the convenience of storing digital rubles in mobile phones or smart watches. However, he said that settlements with digital rubles would be much safer and more efficient if financial institutions were involved. The more devices that support digital wallets, the more important the centralized management of these wallets and accounts is, as this will increase the security of their interaction.
The management of Bank Zenit believes that in order to reduce risks, it is necessary to bind the phone numbers of users using the digital ruble to their profile in the Unified Biometric System (UBS) and in the Unified System of Identification and Authentication (ESIA).
In autumn, the Central Bank of Russia began a public discussion of the digital ruble. Most Russian banks see it as a threat to cybersecurity and risks of fraudulent transactions. At the same time, some banks have expressed their readiness to take part in testing the digital ruble, which may begin in the first half of this year.
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