The Household Financial Security Through the Prism of the Digital Ruble

Abstract

The financial and economic activity of Russian private households as a result of the sanctions policy of unfriendly countries underwent significant changes, including a decrease in the level of financial security. It has a negative impact on the financial, credit and budgetary and tax spheres of the domestic economy. The use of new financial technologies and in particular the digital ruble can correct the current negative situation. Having certain signs of cryptocurrency, the digital ruble is able to ensure the financial security of payments and meet modern financial challenges. Changing the functions of money poses serious scientific questions about the use of the digital ruble. The problems of its introduction into the economic process and the peculiarities of its use by private households are considered. The differences between the digital ruble and existing cryptocurrencies, as well as its advantages over the latter have been formed. The impact forecast of new financial technology on private households in the context of financial security has been made.