A recent announcement from the government has caused much excitement among citizens – a digital rupee is now available for road street vendors! After months of speculation, this currency finally appears to be gaining traction. A practical way for people to pay for goods and services in cash-free transactions, the digital rupee provides a range…
The digital currency has experienced a meteoric rise in popularity, especially since its introduction to the international markets. The potential of this innovative monetary system is unparalleled and several countries are actively seeking ways to capitalize on it. A new country has now entered the initiative to capitalize on this potential currency. Tech hub Japan…
With the growing concerns about data security, the need for CBDCs also increases as it could be the linchpin to create trust in the digital space – something which has eluded us since our transition into the digital era. Taking this into the consideration The Bank of England and HM Treasury have recently unveiled a…
With the rise of digital currency, many countries have been drawn to this new form of money and Indonesia is the latest addition to the countries that are embracing digital currency. The nation’s move provides an opportunity for them to monetize their initiative while also expanding the scope of financial technology. However, before starting its…
In recent years, the world has seen a surge in the development of the digital currency. Several countries have been pushing toward the implementation of digital currency, including China, Japan, the Bahamas, and Sweden. Now, India is set to join the force as the Reserve Bank of India (RBI) is all set to publicize India’s…
On this joyous occasion of the Spring Festival, China is allocating a generous sum of $26 million in Central Bank Digital Currency (CBDC) to its citizens. This munificent gesture reflects their commitment to financial inclusion and technological progress. The government’s digital Yuan activities have seen a massive uptake in multiple cities, with the total value…
