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Article • about 1 year ago

Russia's Digital Ruble Could Potentially Render Traditional Banking Institutions Obsolete, says Banking Committee Head

Russia's Digital Ruble Could Potentially Render Traditional Banking Institutions Obsolete, says Banking Committee Head
Summary
  • The digital ruble has the potential to replace traditional banking institutions, according to Anatoly Aksakov.
  • Blockchain technology and central bank digital currencies may revolutionize the future of banking.
  • Automation through digital technology could significantly decrease the need for human involvement in banking, further impacting the industry.

Source: https://crypto.news/russian-lawmakers-believe-digital-ruble-will-replace-banks/

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