India poised to launch e-rupee ...News

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India poised to launch e-rupee
The nation’s Reserve Bank says virtual currency will bolster the digital economy The Reserve Bank of India (RBI) said on Friday it will start pilot launches of the much-anticipated Central Bank Digital Currency (CBDC), or e-rupee, for specific-use cases in the near future. “Currently, we are at the forefront of a watershed movement in the evolution of currency that will decisively change the very nature of money and its functions,” the Central Bank said in a statement. The Digital Rupee is akin to sovereign paper currency, but takes a different form, exchangeable at par with the existing currency, and will be acce

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