Digital Rupee was a hit, on the very first day of launch, the transaction of Rs 275 crores was bumper!
RBI's digital currency CBDC has a happl start on Tuesday 2-10-2022. As a pilot project, earlier only in the wholesale segment, banks have been allowed to use this currency for transactions of government securities i.e. government securities. 9 banks are involved in this pilot project. Many of these banks had done 48 transactions involving government bonds, with a total value of Rs 275 crore, using digital virtual currency on the very first day itself. Digital currency will be a superhit! Digital currency is currently being used in India only as a pilot project. This pilot project will be carried forward in several phases and after removing all the flaws, everyone can be allowed to use this currency. Initially, the 9 banks that have been approved to participate in this include State Bank of India, Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, IDFC First Bank and HSBC Bank. A total of 275 crore transactions on the first day are being said ...