eRupee Sees Drop in Activity as Banks Pull Back on Promotion Efforts: Report

eRupee Sees Drop in Activity as Banks Pull Back on Promotion Efforts: Report

India’s eRupee CBDC, that is presently in its advanced trial period, is reportedly facing decline in terms of its usage. Citing sources familiar with the matter, a Reuters report has claimed that CBDC transactions that had hit the mark of one million transactions per day in December 2023, has dropped…