Digital ruble testing

As far as you are concerned, several months ago there has started a pilot project called a digital ruble. Although it hasn't been mass-spreaded yet, we need to be ready to its introducing into the economy. I'd like to make it clear for everyone.

What is it?

The digital ruble is a program code. Each digital ruble, as well as paper, has a unique number and the issue and amount of money in the economy is controlled by the Central Bank.

Why is it needed

In my opinion, the main reason for entering the digital ruble is precisely the high level of their control. Digital money is like labeled bills. The state always sees them and knows what they are spent on, so they are really useful for different government payments.

The difference

When we get electronic money, we mix it together with some that we already had and use it wherever we want, because electronic money is depersonalized and absolutely identical, each electronic ruble is indistinguishable from any other.

With digital money, this will not work. Each digital ruble has its own number, and the entire history of its use is recorded. Moreover, since digital rubles are a program code, they can be embedded with information about what they can be spent on.

For instance: it is very convenient to pay maternity capital and other benefits in digital rubles, which have a limited scope of application. First, you can immediately sew into the code what you can spend the money of the mother capital, and second, the state sees how effective the support of the population is, whom to add and whom to subtract.

Benefits

So, as I have already said, the state needs this to finance various projects and provide targeted assistance.

Another theoretical possibility is the launch of the second level of the economy. For example, half of budget is spent on paying salaries with electronic money or cash, whereas other budget funds like development, customs, hardware updates are in digital form. Those rubles do not reach people and thus disperse inflation.

Another plus is payment in digital rubles without the Internet. Most likely, an offline storage will be created on the smartphone, where you will need to first transfer these digital rubles, and data transfer will take place via NFC, Bluetooth, or some other method.

There will be no problems converting between different rubles. you will be able to use digital money through different banks ' apps for free and without commission.

Drawback

The only drawback of digital rubles will be that they, like cash, will not bring you income for the balance as it happens with electronic money, because it is issued by the Central Bank, and not by a commercial bank.