India: RBI to credit officers’ reimbursements into CBDC wallets

Quick Summary:

Eager to prevent the digital rupee's further decline in usage due to stiff market competition, the RBI is piloting an initiative involving depositing reimbursements into authorities' Bitcoin wallets.

The post India: RBI to credit officers’ reimbursements into CBDC wallets appeared first on CoinGeek.

RBI started its first digital rupee pilot in the wholesale segment on November 1, 2022, to settle secondary market transactions in government securities.

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Article Details

Author / Journalist: Pradipta Mukherjee

Category: Crypto

Markets: CanadaIndia

Topics: Digital Rupee RBI Innovation Hub Finance Digital Payments Reserve Bank of India International Monetary Fund E-rupee VIVIFI India Finance Loan Central Bank Digital Currency Unified Lending Interface

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-14 @ 10:00:00 (22 hours ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 941 words

Reading Time: 6 minutes read

Sentences: 37 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 25151408

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