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[ad_1] The State Bank of India (SBI) has announced the implementation of Unified Payments Interface (UPI) interoperability with the Digital Rupee, also called as Central Bank Digital Currency (CBDC). With this move, SBI aims to deliver convenience and accessibility to its customers. This feature, accessible through the ‘eRupee by SBI’ application will empower users to … Read more
[ad_1] Mukesh Ambani, one of the world’s richest men settled in India’s financial capital, is prepared to explore the Web3 arena. The 66-year-old Indian billionaire disclosed his Web3-related plans during the 46th annual general meeting of Reliance Industries (RIL) that was held on Monday. While the Reliance chief aims to keep a distance from highly … Read more
[ad_1] India’s Canara Bank has launched a new mobile app focussed on taking India’s Central Bank Digital Currency (CBDC) trials to the next crucial stage that will lead to mass adoption. Called the Canara Digital Rupee, this app will allow select bank customers to pay for daily utilities via the eRupee CBDC. The app will … Read more
[ad_1] Singapore has announced a framework for stablecoins, as the overall global crypto sector faces increased rules and regulations in different parts of the world. The Monetary Authority of Singapore (MAS) announced these rules on August 15, which now allow for stablecoins to become part of the country’s existing financial system. The government of Singapore … Read more
[ad_1] India has prioritised research and development in different tech sectors over the past few decades as successive governments have increased their focus on science and technology. The fields that have seen the fastest integration of technology are automation, big data, blockchain, distributed architecture, and Internet of Things (IoT), according to a recent report by … Read more
[ad_1] India is making its name as a lucrative startup hub for Web3 projects with its large pool of developer talent, the Bharat Web3 Association (BWA) has said sharing an analysed observation. India’s own crypto advocacy group, the BWA, was established in November last year, aiming to bridge the communication gap between industry players and … Read more
[ad_1] The Reserve Bank of India (RBI) is aiming to clock one million transactions in India’s under-trial CBDC, the eRupee, daily by December. In order to accelerate number of CBDC transactions, the RBI is reportedly giving targets to banks to facilitate a minimum number of transactions in the form of the eRupee. India has been … Read more
[ad_1] Central Bank Digital Currencies or CBDCs are foraying into existing global financial systems, whether governments around the world like it or not. Both India and China have begun CBDC trials and are seen as leading the charge for the CBDC revolution. According to a new survey on CBDCs by the CFA Institute, emerging markets … Read more