News with the tag "e-rupee"

RBI Prioritizes Caution in e-Rupee Rollout The Reserve Bank of India (RBI) is taking a measured approach to the development and rollout of the e-rupee, its Central Bank Digital Currency (CBDC), to address potential risks to financial stability. Since launching a pilot in December 2022, the e-rupee h...

India’s Reserve Bank is approaching its CBDC, the e-rupee, with patience, focusing on financial stability and gradual adoption. With slow initial uptake and pilot programs for retail and wholesale use, the RBI emphasizes understanding the impact of digital currencies before full rollout. The post In...

Naveen Mallela, global co-head of Onyx, JPMorgan’s blockchain and digital currency unit, highlighted the rapid adoption of blockchain technology in India, particularly after the 2022 launch of the central bank digital currency (CBDC), the e-rupee. He noted that CBDCs represent a significant advancem...

The Reserve Bank of India (RBI) is actively exploring the potential of central bank digital currency (CBDC) on an international scale, according to Governor Shaktikanta Das at the Global Fintech Fest. The RBI is focusing on enhancing CBDC’s interoperability with existing retail payment systems like ...

India’s central bank digital currency (CBDC), the digital rupee, has experienced a significant decline in usage, decreasing to a tenth of its peak in December 2023, according to sources involved in the pilot project. The Reserve Bank of India (RBI) initially reached 1 million daily retail transactio...

The Reserve Bank of India is enhancing its digital rupee pilot, as it intends to broaden participation and incorporate diverse use cases in the upcoming fiscal year.