The Central Bank wants to add fast payments to the domestic messenger "Seraphim"
The idea of import substitution continues to occupy the minds of officials in high offices. According to "Vedomosti," the Central Bank may integrate its Fast Payment System (FPS) into the domestic messenger "Serafim." This program is designed for state companies and serves as a sort of analog to China's WeChat. Interestingly, it is claimed that only domestic crypto algorithms are employed in it. Whether this is true remains unclear, but the application […]
