Major Russian mobile network operators like MegaFon and Beeline are considering how the digital ruble will function on their mobile devices.
The carriers also suggested additional services like linking a digital wallet to a customer’s phone number. This would allow users to store digital rubles directly on their smartphones as well as transfer and pay with the digital currency using smart devices, a spokesperson for MegaFon said.
“We are interested in digital ruble aspects like maintaining wallets on smart devices, which is not part of the current version of the concept, as well as the possibility of performing P2P payment transactions without the participation of financial intermediaries, including offline mode support.”
The Bank of Russia released its first consultation paper on the development of the digital ruble in October 2020. The bank said that users will be able to access the digital ruble on their e-wallets and mobile devices, both online and offline.