If one wants to see how CBDC might work in a real economy blessed with real money, then one should follow Russia’s experiment set to begin next year.

Implementation digital ruble will hit the interests of banks, but will help in the fight against corruption, aif.ru said Professor, Department of Business Informatics, Financial University under the Government of the Russian Federation Boris Slavin. The first recipients of salaries in the new form of our currency will be state employees.

«To credit wages in digital rubles, a citizen will need to open in one of the banks personal digital wallet, — says the expert. — You can do this through a banking application, where large credit organizations will soon add the corresponding functions. And the salary of the generals in the same amount will come to the account of the digital ruble ».

Note that the e-Ruble will be transferable or convertible to the usual Ruble, and via an easy in-bank process. Also note that most Russians, like most Americans, already make most purchases in digital form. The difference is that in Russia, the government controls the central and commercial banks and the currency, which is backed by real goods. In short, Russia is awash in money and it’s all real. Murikans live under something worse than CBDC already – CBDV, or Commercial Bank Digital VOODOO. So they probably won’t have a chance for this kind of experiment or any return to real money before the coming collapse and dissolution. Still, it’s something to watch.