India Has No Plans to Incentivise CBDC Users Despite Tedious Onboarding

India Has No Plans to Incentivise CBDC Users Despite Tedious Onboarding

India is forging ahead with the trials of its central bank digital currency (CBDC) dubbed as the digital rupee (e₹-R) with each passing day. To use the digital rupee, Indians will have to download a designated CBDC app, link their bank accounts to this app, convert their money to the CBDC before being able to … Read more

Reliance Retail starts accepting RBI’s Digital Rupee – Times of India

Reliance Retail starts accepting RBI’s Digital Rupee – Times of India

The Reserve Bank of India (RBI) launched the first pilot of its retail Digital Rupee on December 1, 2022. According to RBI, this currency is available in the form of a digital token that represents legal tender. The Central Bank Digital Currency (CBDC) has also been issued in the same denominations that paper currency and … Read more