2 years, 4 months ago

Digital Rupee: How Retail Customers Can Benefit From CBDC

The Reserve Bank of India in November announced its first pilot project of Digital Rupee for the retail segment. Even though the digital rupee would be virtual, just like cryptocurrencies, they are pretty different from each other and serve various purposes. As mentioned, the Digital Rupee is a pilot project in which nine central banks would be participating. After the Digital Rupee becomes part of our mainstream society, the existing digital and neo-banks would likely have an edge since they already have the necessary digital infrastructure.

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