ERupee

The Reserve Bank of India (RBI) is aiming to clock one million transactions in India's under-trial CBDC, the eRupee, daily by December. In order to accelerate number of CBDC transactions, the RBI is reportedly giving targets to banks to…

India may take the next big leap in its eRupee central bank digital currency (CBDC) venture any day now. The Reserve Bank of India (RBI) could soon facilitate CBDC payments via existing UPI QR codes. The deployment of this interoperability…

the pilot program has expanded from eight banks initially to encompass 13 banks.Last year in November, the RBI launched a pilot program for wholesale Central Bank Digital Currency (CBDC), and subsequently, in December, they introduced a…

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…

NEW DELHI: Digital or e-rupee worth over Rs 130 crore is in circulation on a pilot basis as of February 28, finance minister Nirmala Sitharaman said on Monday.The Reserve Bank of India (RBI) had launched pilots in digital rupeein the…

Jostling your way through the thick flow of tourists and hawkers in the narrow, congested lanes of Chandni Chowk takes you to a shop famous for its chole bhature and other such delicacies. The tempting smell of snacks and the heady mix of…

Five more banks will join the pilot on the central bank digital currency or e-rupee for retail customers and the project will be extended to nine additional cities, the Reserve Bank said on Wednesday.The Reserve Bank of India, which began…

Mumbai, February 8 Five more banks will join the pilot on the central bank digital currency or e-rupee for retail customers and the project will be extended to nine additional cities, the Reserve Bank said on Wednesday. The Reserve…

Last Updated: January 20, 2023, 10:42 ISTCircling back to digital currencies, countries like China, India, Nigeria and the Bahamas, have already rolled out digital currencies. Reserve Bank Of India will allow digital currency conversion…

Last Updated: January 12, 2023, 12:42 ISTBacche Lal’s fruit shop is located right under the RBI headquarters on Mint Road in South Mumbai.Bacche Lal said he agreed to be a part of the project, realising that the future is digital.The…