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digital rupee

India’s CBDC has 5M users, RBI in ‘no rush’ to launch it
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28 August, 2024

India’s CBDC has 5M users, RBI in ‘no rush’ to launch it

India’s central bank revealed that 16 local banks are participating in the pilot but says it’s still finetuning features such...
Reserve Bank of India: CBDCs may reduce availability of cash deposits with banks
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7 August, 2024

Reserve Bank of India: CBDCs may reduce availability of cash deposits with banks

CBDCs may have the potential to be the future of money, but the Reserve Bank of India points out the...
India’s Tata Consultancy Services, Sweden’s Crunchfish to deploy ‘Quartz solution’ for offline CBDCs
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4 July, 2024

India’s Tata Consultancy Services, Sweden’s Crunchfish to deploy ‘Quartz solution’ for offline CBDCs

The partnership between Crunchfish and Tata Consultancy Services will utilize the Quartz solution for CBDCs with offline payments enabled by...
India’s central bank allows non-banking payment operators to offer CBDC wallets
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11 April, 2024

India’s central bank allows non-banking payment operators to offer CBDC wallets

India's central bank is doubling down on its CBDC initiatives, announcing plans to make the digital rupee more accessible to...
Reserve Bank of India gives no specific timeline for ‘full-fledged’ e-rupee launch
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7 March, 2024

Reserve Bank of India gives no specific timeline for ‘full-fledged’ e-rupee launch

It will take quite some time before India sees the "full-fledged" launch of its CBDC as the RBI insists on...
India expands CBDC project; plans programmability, offline use
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14 February, 2024

India expands CBDC project; plans programmability, offline use

In its monetary policy statement of 2024, the Reserve Bank of India revealed that it is looking to enable additional...
India’s Web3 industry expects ‘financial proliferation’ of blockchain technology in 2024
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22 January, 2024

India’s Web3 industry expects ‘financial proliferation’ of blockchain technology in 2024

As India warms up to blockchain with the federal government emphasizing its benefits, its Web3 industry experts expect more banks...
India’s CBDC pilot hits 1 million daily transactions amid controversy
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6 January, 2024

India’s CBDC pilot hits 1 million daily transactions amid controversy

Reserve Bank of India achieves a significant milestone as the digital rupee pilot surpasses 1 million daily transactions, but controversies...
India pushes for digital rupee in 2023 as provincial governments explore blockchain use cases
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28 December, 2023

India pushes for digital rupee in 2023 as provincial governments explore blockchain use cases

India is shaping to become a major player in the blockchain space, gradually embracing the technology and exploring its endless...
Reserve Bank of India opens talks with US, Hong Kong for cross-border CBDC features
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7 December, 2023

Reserve Bank of India opens talks with US, Hong Kong for cross-border CBDC features

India is eyeing a collaboration with U.S. Federal Reserve and HKMA for cross-border CBDC functionality to enhance international remittances and...
India full-scale wholesale CBDC launch may happen in early 2024: report
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14 November, 2023

India full-scale wholesale CBDC launch may happen in early 2024: report

After the successful pilot, the Reserve Bank of India may launch a full-scale wholesale central bank digital currency in January...
Indian banks to boost volume of CBDC transactions through incentives
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2 November, 2023

Indian banks to boost volume of CBDC transactions through incentives

With cashbacks and reward points, the Reserve Bank of India and other participating banks are hoping for a higher digital...