Demonetisation: Cash Is Not King
Expansion of absolute cash in circulation has to be seen holistically with growth in GDP and uptick in digital transactions.
Expansion of absolute cash in circulation has to be seen holistically with growth in GDP and uptick in digital transactions.
Central banks will be able to manage the issuance and distribution of CBDCs, says TCS.
Digital Rupee will be issued by the central bank and won't be not mined like crypto, says RBI.
You can see a real-world bank that your personalised avatar can visit. Avatars of relationship managers and robo-advisors will engage with you.
The banking metaverse plans to have tokens as NFTs and support the central bank digital currency (CBDC) to enable open finance in a Web3.0 environment.
While regulators decry cryptocurrencies, they must win the race for central bank digital currency to become leaders in harnessing latest technologies.