Survey: 59% of Russians are not interested in the digital ruble

The Central Bank of Russia will expand the pilot of the digital ruble to dozens of new participants by September. However, most Russians are not interested in using the tool, according to VCIOM survey data.

The regulator said that the testing of CBDC is progressing according to the plan. Currently, about 20 banks are preparing their systems to connect to the digital ruble platform, as found out by TASS.

Among the advantages of the CB asset, free transfers for citizens, low tariffs for businesses, simplicity and speed in conducting budget payments, and the implementation of smart contracts are mentioned.

“The latter will ensure the transparency of settlements, as well as the ability to flexibly manage balances on their digital wallets. At this stage, individuals will be able to use autopayments in digital rubles, setting the date, amount and recipient of the transfer in advance,” said VTB, which is participating in the testing.

The mass adoption of the national digital currency is planned for the second half of 2025.

However, the new type of currency does not generate interest among the population - 59% of respondents expressed no desire to use it. 31% are willing to experiment, 10% did not answer.

Potential users of the digital ruble can be considered men (39% versus 24% women), Russians with a good financial situation (40%) and city dwellers (38% versus 24% rural residents). High rates are also among young people aged 18-24 (59%) and active Internet users (40%).

Among the disadvantages of the digital ruble, Russians named the possibility of hacking and fraud (10% rise), government control, and lack of anonymity (5%).

Recall that the law on the national digital currency came into effect on August 1, 2023.

In the same month, testing of CBDC for individuals and legal entities in the Russian Federation began with the participation of 13 banks. Later, the number of participants expanded to 30.

In December, the State Duma adopted a law providing for the integration of the digital ruble into the system of tax regulation and control.