Traditional international banking transfers rely on the SWIFT network and correspondent banks, which often leads to delays, compliance issues, and unpredictable fees. For Russian businesses, cross-border payments currently face significant operational risks and instability.
Public blockchains like Ethereum are unsuitable for banking due to their transparency, which exposes transaction volumes and counterparty details to competitors. Consequently, the digital ruble was developed on Masterchain, a private and controlled infrastructure.
A team of developers has created a blockchain architecture fully compatible with the digital ruble's Masterchain. This compatibility has attracted interest from banking institutions looking to streamline payments and eliminate intermediaries.
Beyond payment processing, the project explores hardware solutions, including the development of payment terminals. These devices are designed to be more cost-effective and lightweight compared to existing market alternatives.
