digital rupee trial begins; Exponential Growth in UPI Payments Supports Optimism in Indian CBDC Experience: Experts

[ad_1] The Indian Digital Rupee CBDC officially entered a retail beta period in four cities – New Delhi, Mumbai, Bengaluru, and Bhubaneswar on Thursday, December 1. Lenders who participate in these trials, and upon completion, will attest whether CBDCs are effective and robust for use in everyday purchases, expanding their usability. Industry experts in India … Read more

The first RBI retail digital rupee beta will run on December 1, at select locations

[ad_1] The Reserve Bank of India (RBI) is expanding CBDC use cases for the digital rupee. Starting December 1, Indian CBDC testing will begin for retail purposes in select regions of the country. Built on the blockchain, the digital rupee is a virtual representation of India’s fiat currency that aims to speed up digital transactions … Read more