According to Cointelegraph: A recent survey conducted by the joint team of Saint Petersburg Exchange and the Russian Trading System (RTS) has found that over half of Russian citizens are willing to store their money in a central bank digital currency (CBDC). The survey involved more than 2,000 respondents aged 18 to 65 across the country, with 58.3% stating they are theoretically ready to put their money into a CBDC. However, only 17% trust the digital ruble for storing amounts over 20,000 rubles (approximately $212).
The majority of respondents (23.8%) would transfer a sum between 5,000 ($53) and 20,000 rubles ($212) to digital money. 9% can imagine storing between 20,000 and 50,000 rubles ($212 to $529) in a CBDC, while 2% would store up to 100,000 rubles ($1058). Only 2.4% are willing to store all their money in a central bank digital currency.
The most common concerns cited include insufficient information about the technology (22%) and worries about cyber theft and system failures (21%). On August 15, Russia began testing operations with digital rubles, involving 13 banks and a restricted group of their clients. The initial phase focuses on perfecting fundamental operations, including the establishment and funding of digital ruble accounts, facilitating individual-to-individual transactions, streamlining automated payments, and employing QR codes for seamless purchase and service transactions. The Bank of Russia's strategy aims to bring the digital ruble into widespread use by 2025-27, according to first deputy governor Olga Skorobogatova.
