RBI, Banks Plan New Features To Boost Digital Currency, e-rupee, Soon
Retail CBDC transactions are averaging close to 18,000 a day, way short of the RBI's one million-a-day target by 2023 end. The features include allowing digital rupee transactions when a customer is offline and linking the e-rupee to India's popular Unified Payments Interface (UPI), three of the people quoted above said.
Sep 11, 2023, 12:28 PM IST
RBI Digital Rupee: E-Rupee to be Piloted by 5 More Banks in 9 More Cities Soon
The CBDC is expected to make the inter-bank market more efficient and settlements in e-rupee can reduce transaction costs by pre-empting the need for settlement guarantee infrastructure or for collateral to mitigate settlement risk.
Feb 08, 2023, 21:01 PM IST
Cryptocurrencies are equivalent to gambling: RBI Governor
To counter the growth of cryptocurrencies, the central bank recently launched in pilot mode, its own e-rupee or central bank digital currency (CBDC).
Jan 14, 2023, 08:13 AM IST
Explained: What is Digital Rupee and what RBI wants to achieve through this?
e-Rupee is a digital version of currency notes issued by a central bank, a kind of digital money that can be used in contactless transactions.
Nov 04, 2022, 18:13 PM IST
RBI to launch nation`s first digital rupee pilot project today
In a statement, the central bank said that it will "soon commence pilot launches of Digital Rupee (ea,) for specific use cases. Accordingly, the first pilot in the Digital Rupee - Wholesale segment (ea,-W) shall commence on November 1, 2022".
Nov 01, 2022, 10:17 AM IST
RBI to soon launch pilot e-rupee for specific use cases, issues concept paper on digital currency
The Reserve Bank will soon commence pilot launches of e₹ for specific use cases. As the extent and scope of such pilot launches expand, RBI will continue to communicate about the specific features and benefits of e₹, from time to time
Oct 07, 2022, 16:11 PM IST
