RBI Expands Digital Rupee Pilot to More Cities and Banks
The Reserve Bank of India has expanded the scope of its retail central bank digital currency pilot, bringing additional banks and cities into the programme. The e-rupee is a digital form of sovereign currency, distinct from privately issued cryptocurrencies, and is being tested for both online and offline payments. The RBI has highlighted progress on offline functionality, which could help users transact in areas with limited connectivity. Officials reiterate that the digital rupee is meant to complement cash and existing digital rails rather than replace them.
Key Takeaways
- More banks and cities have joined the e-rupee pilot.
- Offline payment testing is a key focus area.
- The CBDC complements, not replaces, existing payments.
Summary generated by IndiCrypto from CoinDesk. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in CBDC
RBI Expands Digital Rupee Pilot to More Cities and Banks
The Reserve Bank of India has widened its retail digital rupee (e-rupee) pilot, adding more participating banks and cities. The central bank reports steady growth in wallet sign-ups and offline transaction testing. Officials say the CBDC is designed to…
ECB Launches Pontes For Central-Bank Settlement Of Tokenized Assets
TL;DR The European Central Bank has launched Pontes, a wholesale settlement service for tokenized financial assets. Pontes settles transactions in central-bank money through TARGET Services and DLT interoperability. The system is institutional infrastructure…
ECB launches ‘digital euro for banks’ and prepares to buy tokenized bonds
The Eurosystem launched the wholesale settlement system while the ECB began work on a small, undisclosed investment in tokenized public-sector securities. The post ECB launches ‘digital euro for banks’ and prepares to buy tokenized bonds appeared first on…