Digital currency launched in India for wholesale and retail

In the budget, it was declared

The Reserve Bank will introduce the e-rupee, a digital currency

Digital currency launched in India

Its initial pilot project will only be available to the wholesale industry.

In other words, it allows transactions across various banks

so for the time being they will only buy and sell government bonds.

And within a month, RBI intends to introduce e-rupee for wider usage on a pilot basis

consumers losing money

Multiple examples of consumers losing money or being scammed as a result of bitcoin

trend of digital currency will reduce the cost of transactions