VTB develops technology to withdraw digital rubles through ATMs

VTB unveiled a technology for withdrawing digital rubles through ATMs. The bank’s press service said.

The first to test the new feature will be VTB Online users participating in pilot of the Russian CBDC.

Money can be withdrawn at any of the bank’s 14,000 ATMs across the country.

To do this, the customer must point their smartphone camera at the ATM’s QR code. In the opened VTB Online app, select the digital ruble account as the source of funds.

The funds will first be credited to a non-cash balance and then to the bank account, after which they will be available for withdrawal.

Transfers and payments with the digital ruble for individuals are free. The business tariff for accepting CBDC as payment for goods and services will be 0.3% of the payment amount, but no more than 1,500 rubles.

Earlier, ForkLog reported that the digital ruble began testing in the Moscow Metro.

The law on the national cryptocurrency took effect 1 August. Citizens will be able to use the new payment instrument on a mass scale in 2025–2027.

In September, the Russian Finance Ministry clarified the accounting treatment of digital ruble operations.

Banks later calculated the costs of implementing the technology. Rosbank estimated its two-year expenditure at 150 million rubles.