Reserve Bank of India: 5 million digital rupee users and 420,000 merchants participate in CBDC pilot
2024-08-01 11:37:31
India's central bank RBI has revealed that 5 million digital rupee users and 420,000 merchants are participating in the retail central bank digital currency (CBDC) pilot as of June. The RBI highlighted that the digital rupee is designed to complement cash and existing payment systems to serve the wholesale and retail sectors.
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