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RUBL is a stablecoin pegged to Russian Ruble, issued in Switzerland and confirmed as a payment token by FINMA, the Swiss regulator of the financial markets. On the technological side, it is an ERC-20 token in the Ethereum network.

Being a payment token, RUBL can be used for international and domestic transactions. It is suitable for personal and commercial use as a payment method, as well as to store the value in the crypto market and mitigate currency risks.

You can purchase RUBL stablecoins via the GP7 platform for major cryptocurrencies, Russian Rubles, Euro, USD or Swiss Francs.

RUBL as a payment token can be legally used as a payment method in Switzerland. If you reside in a jurisdiction other than Switzerland, you should consult with your local legal professionals to understand what are the limitations on your use of payment tokens.

If you store RUBL in the GP7 wallet, you benefit from additional security due to the use of TSS by the app. Under this method your private key is split into three parts, of which one is stored at our servers, and you have the other two. It allows you to restore one of the key parts in case you lose it, but prevents us or anyone else to initiate transactions without your approval.

As a regulated financial intermediary, it is our duty to perform the KYC and AML checks when engaging in business relations with a new customer. This is required by the the Swiss AML Act, as well as by the internal rules of the VQF, a self-regulatory organisation we are members of.

Since RUBL is an ERC-20 token, you can send it to any Ethereum address; if you are using the GP7 app, you can also transfer RUBL via the phone number – if the recipient is not yet onboarded, they will receive an invitaion to install the app, with the transferred RUBL tokens already waiting for them inside.