India launches CBDC trial backed by RBI

India gearEd up for Digital Rupee CBDC

About CBDC

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RBI backed Currency

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About the Launch

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Banks Involved

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Focusing on CBDC-W

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China Leading the way

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All About CBDC

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We're on You Tube

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India gearEd up for Digital Rupee CBDC

India gearEd up for Digital Rupee CBDC

About CBDC

About CBDC

CBDC is Central Bank Digital Currency. Built on blockchain technology, digital currency is managed & monitored by the central banks

RBI backed Currency

RBI backed Currency

India's CBDC is backed by the Reserve Bank of India. It has the full authority over the digital rupee (ea1).

About the Launch

About the Launch

CBDC has been launched on 1st Nov 2022. It's the first pilot launch to check the feasibility and the technology before the complete rollout.

Banks Involved

Banks Involved

RBI has shortlisted 9 banks including SBI, HDFC, ICICI, Kotak Mahindra, IDFC, Union bank and HSBC

Focusing on CBDC-W

Focusing on CBDC-W

The primary focus will be on the wholesale segment which include inter-bank transactions using the new digital currency.

China Leading the way

China Leading the way

Almost every major economy is focused on CBDC. However, China is leading the race by launching its CBDC in 2020 with 261 million users in 2021.

All About CBDC

All About CBDC

Checkout my LinkedIn post to learn more about CBDC

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We're on You Tube

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