Digital Rupee trials to start from Tuesday, November 1

As promised by RBI, the first pilot of the Digital currency, the Digital Rupee (e₹) will commence on November 1. This will be the first-ever launch of the e-currency and it will be for the wholesale segment. State Bank of India, Union Bank of India, Bank of Baroda, Kotak Mahindra Bank, HDFC Bank, ICIC Bank, […] The post Digital Rupee trials to start from Tuesday, November 1 appeared first on BGR India.

As promised by RBI, the first pilot of the Digital currency, the Digital Rupee (e₹) will commence on November 1. This will be the first-ever launch of the e-currency and it will be for the wholesale segment. State Bank of India, Union Bank of India, Bank of Baroda, Kotak Mahindra Bank, HDFC Bank, ICIC Bank, IDFC Bank, HSBC, and Yes Bank, and some of the banks identified in the pilot, as revealed by the Central bank. RBI revealed that the pilot launch of the Digital Rupee (e₹) is for specific use cases. It also released a concept note on Central Bank Digital Currency (CBDC) that is aimed to create awareness about digital currencies and particularly about the Digital Rupee. The post Digital Rupee trials to start from Tuesday, November 1 appeared first on BGR India.

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