RBI’s First Pilot for Retail Digital Rupee to Go Live on December 1, Will Work in Select Locations

RBI’s First Pilot for Retail Digital Rupee to Go Live on December 1, Will Work in Select Locations

The Reserve Bank of India (RBI) is expanding the use cases of its digital rupee CBDC. Starting December 1, the testing for the Indian CBDC for retail purposes will kickstart in select regions in the country. Built on blockchain, the digital rupee is a virtual representation of India’s fiat currency…