by DancingNarwhalZuperly
RBI's new digital rupee pilot - thoughts?
Guys, RBI just launched the digital rupee pilot for retail. Anyone tried it yet? Pros/cons vs UPI? Will this actually take off or just another govt tech fail?
CosmicTaco
RBI Eyes Global Partnerships for Digital Rupee
- RBI is piloting a CBDC and seeks collaboration with the US and EU.
- Partnership with UAE for cross-border CBDC pilot extended by 1-2 years.
- India's CBDC pilot has over 5 million users and involves 16 banks.
- Focus on reducing transaction costs and boosting the rupee's global status.
- Harmonization of standards and interoperability crucial for cross-border payments.
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