Russian banks may lose 50 billion rubles a year after the introduction

[tanjimajuha20]

Banks could lose up to ₽250 billion in five years after the launch of the digital ruble, while stores will win ₽80 billion per year, experts estimate. They believe that the digital ruble will put banks in a " prisoner's dilemma ."

of the digital ruble, while brazil cell phone number list retailers will save at least 80 billion rubles a year. This is the conclusion reached by analysts from the consulting company " Yakov and Partners " (formerly McKinsey in Russia) in the study " Is the Future of Payment Systems Defined? " received by " RBK-Crypto " . The total losses of banks over five years may amount to 250 billion rubles, according to their calculations.

" The digital ruble promises to become one of the main innovations of the country's payment system in 2023 and will allow Russia to consolidate its position as a world leader in terms of financial systems and instruments, but the market will have to go through a period of adaptation , " experts from Yakov and Partners believe . With the introduction of the digital ruble, payment service costs will decrease, and the main beneficiaries of this measure will be retailers. Consumers and banks, on the contrary, may lose some of their income, they warn.

The Central Bank began developing the digital ruble in the fall of 2020. It should become the third form of money along with cash and non-cash rubles, which means it can be used by citizens and companies for payments. The issuer of the new type of money will be the Central Bank itself. The crypto-ruble will be in the form of a digital code and stored in electronic wallets at the Bank of Russia, unlike non-cash money, which is kept in accounts at commercial banks. Credit institutions will act as intermediaries between the regulator and clients and provide citizens with access to transactions with the digital ruble. Testing of the digital ruble on real clients should begin in 2023. The digital ruble differs from non-cash money in that it can be configured to make payments only in certain categories, it can be used to make payments without connecting to the network, but no interest is expected to be charged for storing the digital ruble in accounts.