What Is RBI’s Digital Rupee?

India has made significant progress in its use of digital wallets and other payment solutions including NEFT, RTGS, and IMPS. So now, just what is RBI's digital rupee?

As bitcoin's popularity soared in India in 2017, the Reserve Bank of India (RBI) stated unequivocally that it is wary of the non-fiat and volatile cryptocurrency, reports mint. However, emboldened by the success, RBI executive director Sudarshan Sen stated that the central bank, like its global counterparts, is looking at ...

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