India’s Digital Currency Pilot Could Include Amazon, Google, And Walmart

Quick Summary:

Major internet and retail giants like Google, Amazon, and Walmart are showing a lot of interest in participating in the current pilot program for India’s Central Bank Digital Currency (CBDC), also known as the e-rupee, according to the Reserve Bank of India (RBI).

State Bank of India, ICICI Bank, and HDFC Bank are participants in the pilot program.

The goal of this digital money project is to make financial deals safer and more efficient by turning them into digital files.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: HungaryIndia

Topics: CBDC Crypto News RBI Crypto Digital currency

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-05 @ 16:00:33 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 446 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 17 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 21936850

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