CBDC to make cross-border payments cheaper, faster, secure: RBI Guv
"Empirical data we are generating to go a long way in shaping policies and future course of action," says RBI Governor Shaktikanta Das
"Empirical data we are generating to go a long way in shaping policies and future course of action," says RBI Governor Shaktikanta Das
Digital Rupee is issued in the same denominations as that of paper currency and coins currently in use.
e₹-R is a digital token that has real value like rupee notes or coins. CBDC will make transactions and currency exchange smoother, and it’ll boost financial inclusion. An explainer.
The use case for this pilot is settlement of secondary market transactions in government securities, says RBI.
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.