Indian Central Bank RBI Begins First Digital Rupee Pilot Today

Indian Central Bank RBI's First Digital Rupee Pilot Starts TodayIndia’s central bank, the Reserve Bank of India (RBI), is launching its first digital rupee pilot on Nov. 1. with the participation of nine banks. “Settlement in central bank money would reduce transaction costs by pre-empting the need for settlement guarantee infrastructure or for collateral to mitigate settlement risk,” said the central bank. RBI’s First […]
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Author: toutiao