Main to remember
- Rostec is preparing to launch a token supported by the ruble, Rubx, on the Blockchain Tron.
- The RT-PAY payment platform will integrate RUBX into the current banking infrastructure, in accordance with Russian regulations.
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Rostec, the military-industrial giant of Russia, should deploy a stable coin on the back of ruble and a digital payment platform by the end of this year, Tass Tass reported. The token will be issued on the Tron Blockchain.
The initiative targets individual and business users. The objective is to establish a secure system, in accordance with blockchain for digital transactions within the Russian financial ecosystem.
Built on Tron, a blockchain known for its broadband and popularity for low -cost transactions, Stablecoin, nicknamed Rubx, is supported by Fiat Roubles, according to Alexander Nazarov, Deputy Managing Director of Rostec. The Russian company led by the State will be its operator.
Rubx will be completely open source, with a code published on GitHub. Certik, a globally recognized intelligent contract audit firm, will verify the code.
The digital payment platform, called RT-PAY, will integrate into the existing banking infrastructure to allow digital payments and interactions with external portfolios and intelligent contracts.
Dmitry Shumayev, leader of the Rubx project, said that the new platform would be deployed in stages, with a development adapted to the needs of the various sectors of the economy.
He noted that a particular emphasis would be on security and integration with existing financial infrastructure, and suggested that the ecosystem could possibly serve as a basis for a range of innovative financial services.
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