Russia’s Digital Ruble Push Faces Adoption Hurdles Despite Zero-Fee Promise
Russian authorities are aggressively marketing the digital ruble as a frictionless alternative to cash and bank balances, with Alla Bakina of the Central Bank of Russia touting its accessibility through existing banking apps. The MOVE appears aimed at bypassing traditional financial infrastructure, though skepticism persists about widespread adoption.
The initiative mirrors global CBDC trends but stands out by promising fee-free transactions—a potential appeal for cost-conscious users. Technical resilience is emphasized as a key selling point, with claims of multi-platform access preventing service disruptions.