RBI sees CBDC as future of money; eyes nationwide rollout of ULI

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RBI's outgoing governor, Shaktikanta Das, sees that CBDC will likely become the future of money, while his successor looks at how technology can reduce costs and drive financial inclusion.

The post RBI sees CBDC as future of money; eyes nationwide rollout of ULI appeared first on CoinGeek.

I have absolutely no doubt in my mind that the Reserve Bank, with the cooperation of all central government departments and agencies, with the cooperation of the state governments, will do a nationwide rollout of ULI,” Das pointed out.

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Article Details

Author / Journalist: Pradipta Mukherjee

Category: Crypto

Markets: CanadaIndiaPhilippines

Topics: E-rupee Reserve Bank Innovation Hub Shaktikanta Das Unified Lending Interface Central Bank Digital Currency Unified Payments Interface Reserve Bank of India Finance Sanjay Malhotra

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 06:00:00 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 1092 words

Reading Time: 7 minutes read

Sentences: 35 lines

Sentence Length: 32 words per sentence (average)

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

Copyright Owner: © CoinGeek

News ID: 24544616

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