What is Digital Rupee- Will it be better than UPI

Do You know What is Digital Rupee?

2. And Will it be better than UPI option?

concept of ‘Digital Rupee’ has been recently announced by the Reserve Bank of India.

In RBI’s digital currency experimental pilot

Digital currency experimental pilot total Nine banks are involved in this pilot project

The Prime Minister described the “Digital Rupee” as the “eyes of living,”

This makes it possible to conduct financial transactions devoid of currency and without a bank’s involvement,

Nine banks take part in the pilot project Digtal Rupee

The Reserve Bank recently disclosed the idea of how the “Digital Rupee” will seem on October 7, 2022

Theere are signs that the virtual money may soon be made available in a test version.

How transactions would change from existing internet practises and how exactly digital rupees will differ from bitcoin or other cryptocurrencies.

Central Bank Digital Currency (CBDC) stands for Digital Rupee or e-Rupee

The digital currency will be virtually the same official currency

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CBDC is a digital form of currency notes issued by central bank

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