RBI launches Digital Rupee

India's First Digital Rupee Pilot Project Has Been Rolled Out by the Reserve Bank of India.

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The Digital Rupee, Also Known as (CBDC), is a Digital Form of Currency Issued by a Central Bank.

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The Money Will Be in Virtual Form Just Like Other Cryptocurrencies but the Digital Rupee Will Not Be Decentralized.

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Digital Rupee Launch in Two Phases. This is the First Pilot Phase Where It is Launched for Wholesale Transactions.

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Digital Rupee Will Be Used for Large Payments and Settlements. According to the Rbi, It Will Be Used for the Sale of Government Securities.

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CBDC's Are of Two Types–

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CBDC's Are of Two Types–

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Features of Digital Rupee

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Features of Digital Rupee

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RBI launches Digital Rupee

Digital Currency in India

Digital Currency in India

India's First Digital Rupee Pilot Project Has Been Rolled Out by the Reserve Bank of India.

The Digital Rupee, Also Known as (CBDC), is a Digital Form of Currency Issued by a Central Bank.

What is a Digital Rupee?

The Money Will Be in Virtual Form Just Like Other Cryptocurrencies but the Digital Rupee Will Not Be Decentralized.

Digital Rupee Launch in Two Phases. This is the First Pilot Phase Where It is Launched for Wholesale Transactions.

Digital Rupee Will Be Used for Large Payments and Settlements. According to the Rbi, It Will Be Used for the Sale of Government Securities.

CBDC's Are of Two Types–

In First Phase, CDBC Wholesale is Used for Large Amounts of Transactions.

CBDC's Are of Two Types–

In the Second Phase, Central Bank Digital Currency Retail Will Be Used for Retail.

Features of Digital Rupee

- CBDC Will Be the Digital Token of India. - Smartphones Money Transfers Will Be Quick and Hassle-free.

Features of Digital Rupee

- Digital Rupee Reduces the Problem of Fake Currency.