The Reserve Bank of India to launch a retail CBDC pilot in December
Cointelegraph
Published Nov 22, 2022 05:13AM ET
Updated Nov 22, 2022 07:00AM ET
Having tested the wholesale usage of its central bank digital currency (CBDC), the Reserve Bank of India (RBI) is preparing to conduct the retail pilot of the “digital rupee.” The pilot should launch within a month.
According to the Economic Times of India, the RBI is in the final stage of preparing the rollout of the retail digital rupee pilot. Among the participants are the State Bank of India, Bank of Baroda, ICICI Bank, Union Bank of India, HDFC Bank, Kotak Mahindra Bank, Yes Bank and IDFC First Bank (NASDAQ:FRBA). Reportedly, at some point, the pilot is going to include all the commercial banks in the country.
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Written By: Cointelegraph
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