RBI Retail Digital Currency Launches Today | Everything About RBI Digital Rupee | Kannada | Sonu

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RBI Pilot Project on Central Bank Digital Currency: https://youtu.be/cMea_OXqZEk

RBI Retail Digital Currency Launches Today | Everything About RBI Digital Rupee | Kannada | Sonu

The RBI has been exploring the idea of a centralised digital currency since 2016 and has now decided on a final plan. The new digital currency will be launched in two phases, with phase one being today, which is when it will go live for transactions between banks. This new digital currency is aimed at improving the speed and efficiency of transactions, as well as reducing transaction costs and increasing transparency.

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