E-Rupee
Introduction:
India is making considerable progress in changing its financial landscape in a world where digital innovation is taking front stage. To demonstrate its dedication, the nation recently debuted the "e-Rupee," a digital currency that promises to transform how transactions are carried out. This article examines the idea of the e-Rupee, its advantages, potential drawbacks, and effects on the Indian economy.
Describe e-Rupee.
The Reserve Bank of India (RBI) has created the digital currency known as the e-Rupee, which uses blockchain technology to function. It is intended to function as a safe and open medium of exchange, acting as a virtual equivalent to the Indian Rupee (INR), the country's long-established hard currency.
India is making considerable progress in changing its financial landscape in a world where digital innovation is taking front stage. To demonstrate its dedication, the nation recently debuted the "e-Rupee," a digital currency that promises to transform how transactions are carried out. This article examines the idea of the e-Rupee, its advantages, potential drawbacks, and effects on the Indian economy.
Describe e-Rupee.
The Reserve Bank of India (RBI) has created the digital currency known as the e-Rupee, which uses blockchain technology to function. It is intended to function as a safe and open medium of exchange, acting as a virtual equivalent to the Indian Rupee (INR), the country's long-established hard currency.
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