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What is E-Rupee? RBI Digital Rupee / CBDC Explained
Original: E - rupee అంటే ఏంటి ? RBI Digital Rupee 💡| What is E - Rupee ? What is CBDC ? #finance #rbi #rupee
Takeaway
RBI's blockchain-based digital rupee (CBDC) is a sovereign digital equivalent of cash, distinct from crypto.
Summary
- Explains RBI's digital rupee/CBDC launched in FY 2022-23 announced in the Union Budget
- Digital rupee is a digital form of physical cash issued by the central bank using blockchain technology
- Differentiates CBDC from cryptocurrency since it is sovereign-backed
- Highlights advantages for transactions and the digital payments ecosystem
CBDCRBIDigitalRupee
Original description
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