Description
RBI Digital Currency-
The RBI is actively investigating the creation of a Central Bank Digital Currency, a digital version of the Indian Rupee. A CBDC is a digital currency backed by the government and controlled by the central bank. The RBI digital Currency shift toward digital money aims to improve financial inclusion, efficiency, and payment security. It would allow for smooth peer-to-peer transactions and would simplify cross-border remittances. While this project has gotten a lot of attention, the RBI is still weighing the implications, security measures, and impact on the traditional banking system. The creation of an RBI digital currency has the potential to transform India's financial ecosystem.
Extras
Reviews
To write a review, you must login first.
Similar Items