RBI to start pilot of retail digital rupee on December 1

November 29, 2022
Posted by: AliensFaith
Category: OBJECTIVE PRESS

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The Reserve Bank of India’s first pilot for retail e-rupee, its version of the central bank digital currency (CBDC) will be launched on December 1, it said in a statement on Tuesday. The pilot would cover select locations in a closed user group comprising participating customers and merchants, the central bank said.

Author: AliensFaith

HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

RBI to start pilot of retail digital rupee on December 1

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