cbdc

The International Monetary Fund (IMF) is working on a platform for central bank digital currencies (CDBCs) to enable transactions between countries, IMF Managing Director Kristalina Georgieva said on Monday."CBDCs should not be fragmented…

India is planning to introducing its own blockchain-based eRupee CBDC for commercial use. The country is mulling more ways to make this process simple for adoption. On Thursday, May 8, RBI Deputy Governor T Rabi Sankar hinted that existing…

The digital rupee was launched in 2022 on a live-pilot basis.The pilot in CBDC-Retail is proposed to be expanded to more locations and to include more participating banksThe Reserve Bank of India (RBI) targets to expand the use cases and…

Several countries — including the US — are conducting research around the development of their respective central bank digital currencies (CBDC). However, ahead of plans to launch a pilot of the 'digital dollar' in the US, some lawmakers…

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The introduction of central bank digital currency (CBDC) by central banks in different parts of the world has emerged among the top banking tweaks to be recorded as major banking innovations. Hong Kong has now become the latest nation to…

Central Bank Digital Currency (CBDC) platforms could bring about a substantive change in the sphere of cross-border payments, RBI Deputy Governor T. Rabi Shankar observed on May 4, adding that coordination across countries, and between the…

Central Bank Digital Currencies (CBDCs) could turn out to be a more energy-efficient currency option than cryptocurrencies or other payment options such as credit cards and debit cards, the Reserve Bank of India (RBI) said in its latest…

One reason why volumes have not increased in the retail segment is that users are not aware of merchants who accept digital currency. The Reserve Bank of India, which is conducting a pilot to test the central bank digital currency (CBDC)…

Reliance General Insurance on Wednesday said it has become a forerunner general insurance company in the country to accept the Reserve Bank of India's (RBI) Central Bank Digital Currency e-Rupee for premium payments.The company has tied up…