The Russian Ministry of Industry recently suggested postponing the launch of digital ruble payments due to the lack of readiness of infrastructure. It seems that the promotion of central bank digital currencies (CBDC) is not an easy task. 😅
The ministry is particularly concerned that large retailers will not be able to smoothly accept CBDC payments before the 2025 deadline. After all, rushing could adversely affect business operations.
According to the draft law, large retailers are required to adopt digital payments by July 2025, while small businesses have a more relaxed deadline. The Ministry of Industry recommends a two-year postponement to allow businesses more time to prepare, including updating software and training employees. 📅
This journey of digital payments seems to require more patience and planning. 🔍