The Reserve Bank of India is aiming to scale the user base of its CBDCs to one million users by June-end, though no official date for CBDC's public rollout across the country has been announced.
The electronic behemoth, Samsung, has partnered with South Korea’s central bank to conduct joint research for developing an ecosystem for CBDCs. The alliance aims at eliminating internet dependency by paving the way for a new era of seamless offline payments.
India’s central bank, RBI, announces expanding its existing CBDC pilot, with more banks and locations.
As the Indian CBDC eRupee pilot takes place in India, we speak with experts on what technology it works on and how similar is it to crypto. We also look at some of the comparisons between UPI and CBDC and whether CBDC offers any benefits to the users.
The Reserve Bank of India has launched the pilot for India's e-Rupee or Central Bank Digital Currency. How will it affect the current financial infrastructure and will it change the way people spend money?
