India's first digital currency e-Rupee Launched.

India's First Digital Currency e-Rupee.

Digital Rupee as a central bank digital currency (CBDC) which will act like an official cryptocurrency.

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This retail Central Bank Digital Currency (CBDC) would be in the form of a digital token that represents legal tender.

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What is e-Rupee ?

The transactions of retail digital rupee will be carried out through a digital wallet on mobile phones and other devices.

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Four cities– Mumbai, New Delhi, Bengaluru and Bhubaneswar will be covered for pilot project.

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later it would be extended to Ahmedabad, Gangtok, Guwahati, Hyderabad, Indore, Kochi, Lucknow, Patna and Shimla.

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Customers and merchants in the CUG in these cities will be able to use the e-rupee or digital rupee.

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Four more banks BOB, Union Bank of India, HDFC and Kotak Bank will join in second phase project,

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Digital Rupee or e-Rupee is the digital version

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Participate Bank in First Phase.

https://pastace.com

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