RBI begins digital rupee pilot in four cities
Mumbai/IBNS: Reserve Bank of India's (RBI) retail central bank digital currency (CBDC) pilot kicked off on Thursday (Dec. 1), a month after India's central bank launched the wholesale version for the same.
The pilot will take place in select locations within a Closed User Group (CUG), as per an official press release.
People will be allowed tokeep digital rupee in the e-wallet given by participating banks.
Plus, the users will have to back up their CBDC account with a savings account, as per an IndiaToday report.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
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