#DigitalRupee

[prodevans]

India’s Digital Rupee Revolution is driving a major shift in the country’s financial landscape.

With a 40% rise in CBDC-enabled merchants reaching 4.2 lakh, and transactions surging 39 times from ₹6 Cr to ₹234 Cr, the retail digital rupee is quickly becoming a mainstream payment method. User adoption is also accelerating, with over 5 million individuals onboarded by June 2024, up from just 1.3 million a year ago.

Prodevans is proud to support this transformation by enabling secure, scalable, and future-ready digital infrastructure.

Visit: https://www.prodevans.com/

#DigitalRupee#CBDCIndia#DigitalCurrency#Prodevans#DigitalPayments#FintechIndia#RetailCBDC#IndiaFintech#FinancialInclusion#DigitalEconomy#TechForFinance#BankingTransformation#PaymentSolutions#FintechGrowth#FutureOfMoney#CentralBankDigitalCurrency

[cryptomaxgo]

🚨 Heads up, crypto warriors! The Reserve Bank of India is cranking up the heat on the digital rupee! 🔥 They're rolling out some badass features like programmability and offline payments, pushing for financial inclusion like never before. 💪💸 Get ready to embrace this digital revolution because it's gonna flip the script on how we handle cash! Don't get left behind in the dust! 🚀 If you want the latest and greatest in crypto news with some spicy commentary, hit that subscribe button for CryptoMaxGo. Let's ride this wave! 🌊 #DigitalRupee #CryptoNews #RBI #FinancialInclusion #BlockchainRevolution #CryptoCommunity #HODL #InvestSmart #CryptoMaxGo

[neosciencehub]

Rise of CBDC: Transforming India's Financial Landscape

Rise of CBDC: Transforming India's Financial Landscape @neosciencehub #neosciencehub #science #CBDC #finance #transform #DigitalCurrency #DigitalRupee #cryptocurrency #Innovation #technology #framework #RBI #challenges #cybersecurity #NSH

In light of rapid technological advancements and a shift towards digital transactions, Central Bank Digital Currencies (CBDCs) are emerging as a ground-breaking innovation in the financial systems of countries around the world. India, with its diverse economy and significant population of unbanked individuals, has begun to explore the implementation of a digital currency known as the Digital…

[creditmoney]

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[sifytech]

Will India's digital currency launch be globalized?

Satyen K Bordoloi answers Vishwajit's question. Read More. https://www.sify.com/videos/will-indias-digital-currency-launch-be-globalized/

[cryptonewspod]

Digital Rupee – Is Digital Rupee A Cryptocurrency?

In this article we will talk about what is this digital currency? What is its name ? And will the general public be able to use the digital currency or not? You will get the answers to all the questions on this article, so definitely read this article till the end.

read more ....

[apnnewshindi]

अब कैश की जरूरत नहीं! एक दिसंबर से लॉन्च हो रहा है डिजिटल रिटेल ई-रुपया

LINK: https://apnnews.in/business-news/rbi-to-roll-out-retail-digital-rupee-in-india-on-dec-1/

#rbi #digitalcurrency #indianrupee #APN #APNNews #APNHindi #digitalrupee #rupee #cbdc #centralbankdigitalcurrency #latestnews #news

[factox2022]

👉Don't forget follow me👉 such more like posts . . . . #indiancurrency #factmafia #factmaniac #factozon #scaryfacts #factknowledge #factforyou #digitalcurrency #interestinfacts #factsdaily💯 #cbdc #rupee #indiancurrency #digitalrupee #erupee @factox2022 @factox2022 👉Turn on post notifications. 👉 Follow _factox2022 for more like posts. 👉 Don't forget like comment and shear. (at India) https://www.instagram.com/p/CkfEhc0yj67/?igshid=NGJjMDIxMWI=

[dtinvestments]

ITC’s stock price is at its highest since 2019 📈 Do you think ITC will be able to sustain this growth? Tell us in the comments and for more such content #TickertapeHaina 😎 . . . #itc #itclimited #itchotels #trendingnews #financegoals #nseindia #bseindia #weeklynews #financenews #lichsares #licipo #infosys #heromotocorp #digitalrupee #RBI #newsupdates #EV #DTINVESTMENTS #nse #bse #stockmarket #stockmarketindia #stock #trending #trend #tradingstocks #ipo #viratkohli #tata https://www.instagram.com/p/Cg3lzbbPkFA/?igshid=NGJjMDIxMWI=

[science-of-politics19]

Digital Rupee could be exchanged for cash - PM Modi

He said that Central Bank Digital Currency (CBDC) can be exchanged for cashhttps://scienceofpolitics.in/2022/02/02/digital-rupee-exchanged-cash-new-opportunities-pm-modi/

[rahul-tiwary]

Reserve Bank of India (RBI) said it may come out with a model of central bank digital currency (CBDC) as early as the end of this year. Speaking at the post monetary policy press meet, deputy governor, T Rabi Sankar said, “We are internally evaluating issues such as the scope, technology, distribution mechanism, and validation mechanism, etc." “These are extremely involving technology and business choices that one has to make. So, it will be difficult to pin a date on it (central bank digital currency) but we should be able to come out with a model in the near future, probably by the end of this year," he said. . . . Like ❤️ Save 🔐 Share ⬆️ and Comment 💌 . . . Do let me know what do you think in the comments below . Follow ➡️@techpix96 Follow ➡️@techpix96 Follow ➡️@techpix96 . . . #rbi #india #indiandigitalcurrency #digitalcurrency #digitalcurrencies #digitalcurreney #digitalcurrencies📲🤑💱 #digitalmoney #digitalmoneydmx #rbipolicy #monetarypolicy #erupi #indianrupee #onlinemoney #digitalrupee #centralbankdigitalcurrency (at New Delhi,india) https://www.instagram.com/p/CSeNJtbFD6Q/?utm_medium=tumblr

[csequery]

What is the difference between digital rupee and crypto currency?

The Reserve Bank of India is now all set to launch its Central Bank Digital Currency (CBDC) pilot. It now qualifies as legal tender in digital form. It is commonly known as Digital Rupee.

This : ===========================================

* Converted at par with current currencies.

* Acceptable for payments.

* Considered a safe store of value.

RBI : ======================

1. Only digital rupee is expected to facilitate digital transactions and ease of use.

2. Digital Rupee is RBI's approved version of cryptocurrencies.

3. Being an electronic form of sovereign currency, CDBC is now being touted as more secure than private cryptocurrencies.

Now let us know how digital rupee and cryptocurrency differ from each other.

What is cryptocurrency?

* Simply put, cryptocurrency is money that is decentralized from any government or central bank chains. It relies on blockchain technology.

* Moreover it uses cryptography to secure transactions made by individuals making it impossible to forge.

Motive behind creation of bitcoin : ==========================================

Helping people send money over the Internet. Digital currency is an unregulated alternative payment system that works like traditional currencies.

To better understand cryptocurrency, you need to know about three terms: blockchain, decentralization and cryptography.

Cryptocurrency Vs Digital Rupee : ======================

According to RBI, “CBDC is a legal tender issued by central bank in digital form. It is identical to fiat currency and can even be exchanged one-to-one with fiat currency. But only its form is different.

* But CBDC cannot be properly compared to cryptocurrencies.

* Unlike cryptocurrencies, CBDC is not a commodity or claims on goods or digital assets.

1. CBDC is the digital avatar of paper currency issued by central banks like RBI and is to be exchanged for cash.

2. Commonly known digital rupee is RBI issued currency and digital rupee has same function.

3. But it is not a decentralized asset like cryptocurrencies.

4. Digital rupee is the only currency issued by central banks responsible for controlling and managing assets.

5. Digital rupee becomes legal tender. That means you can use it to buy anything you want.

For example : =============

Digital wallets, NEFT and IMPS are examples of digital rupees.

[creditmoney]

Your Financial Status is Our Goal...... Credit Money is India's best leading portal for Financial Products. We provide customized loan, Insurance, Investment & Banking Services. Our SERVICES :- Banking | Finance| Protecting| Investment| Credit Cards| Corporate Advising| Credit Analysis| Credit Report| Credit Score Building | Bank CSP |Taxation | Registration | API Services | GST, MSME, FSSAI, Shop license, TDS, ITR, GST Return, ISO, ISI & more than 300+ Services. Visit : www.creditmoney.co.in Mail : info@creditmoney.co.in Whatsapp : +91- 9643051489

[webnewsify1]

WebNewsify : RBI to launch digital rupee pilot project today

WebNewsify : In an announcement, the central financial institution stated that it'll "quickly begin pilot launches of Digital Rupee (ea,) for particular use circumstances. Accordingly, the primary pilot within the Digital Rupee - Wholesale section (ea,-W) shall begin on November 1, 2022".The central financial institution additional knowledgeable that "the primary pilot in Digital Rupee - Retail section (ea,-R) is deliberate for launch inside a month in choose places in closed person teams comprising prospects and retailers. The small print concerning operationalisation of ea,-R pilot shall be communicated in the end".RBI has chosen 9 banks for participation within the digital rupee's wholesale pilot undertaking.These are State Financial institution of India, Financial institution of Baroda, Union Financial institution of India, HDFC Financial institution, ICICI Financial institution, Kotak Mahindra Financial institution, Sure Financial institution, IDFC First Financial institution and HSBC.Finance Minister Nirmala Sitharaman in her price range speech on February 1 had introduced that RBI will launch a Central Financial institution Digital Foreign money (CBDC) on this fiscal.CBDC is a digital type of forex notes issued by a central financial institution.Digital forex or rupee is an digital type of cash, that can be utilized in contactless transactions. Read the full article