Bank of Russia plans to introduce common payment space in the EEU

Bank of Russia is considering introducing a common payment space within the Eurasian Economic Union (EEU) based on blockchain technology. The introduction of Masterchange would allow for financial transactions and information to be freely transmitted within the Union without having to change existing payment systems. Bank of Russia plans to first introduce Masterchange within the territory of the Russian Federation and then expand it to include EEU member states.

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