Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
The Russian state production conglomerate Rostec, best known for its role in the military industrial complex of the country, plans to introduce the Token Rubl-Pegged called Rubx together with the Payment Center called RT-Pay a year ago.
Each rubx, according to the state -owned news agency TassIt will present one Russian ruble held in the cash register account. Rostec will start the token as the only issuer and operator and enshrines the value of the asset through the “actual commitments in the rubes” written in the law.
The token is based on the blockchain Tron. Rostec intends to publish the contractual code on Github and the report on an independent audit has imitated the company Blockchain-Security Company Certik.
RT-PAY will join directly to the country’s bank rails. This legacy allows companies and private citizens to move money in seconds, even after working hours, or locks funds in intelligent contracts.
RT-Pay says RT-Pay, which will be integrated into the country’s bank rails, complies with the rules against powers and terrorism and is in line with the requirements of the Russian bank.
First, the phase launch is distributed to the sectors with a high friction of payments, after which it deteriorates, said the RUBX Dmitry Shumayayev project.
The project lands when Moscow tests and Separate digital ruble issued by the central bank. The country is heated to the cryptocurrency space, with the Russian bank at the beginning of this year allows institutions Offer crypto-bound tools to qualified investors.
The largest Russian bank Sberbank and Moscow Exchange have already launched products bound to bitcoins
.
Cryptocurrencies were also used bypass western sanctions About Russian oil trade. Reports suggest that some Russian oil companies used BTC, ETH and some stablecoins to convert payments made in Yuan, China and Indian rupees into rubles.
Read more: Russia turns to crypto to bypass Western sanctions in the oil trade: Reuters
