erupee

Canara Bank Rolls Out CBDC App Interoperable With UPI, Users Highlight Issues

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[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

RBI Assigns CBDC Expansion Targets to Banks, Aims for 1 Million Daily Transactions by December: Report

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[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

RBI to Deploy eRupee CBDC Payments via UPI QR Codes Soon: All Details

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[ad_1] India may take the next big leap in its eRupee central bank digital currency (CBDC) venture any day now. The Reserve Bank of India (RBI) could soon facilitate CBDC payments via existing UPI QR codes. The deployment of this interoperability element to the eRupee CBDC has been in the pipeline for a while now. … Read more

Existing UPI QR Codes Could Begin Processing Transactions in eRupee CBDC: RBI’s T Rabi Sankar

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[ad_1] India is planning to introducing its own blockchain-based eRupee CBDC for commercial use. The country is mulling more ways to make this process simple for adoption. On Thursday, May 8, RBI Deputy Governor T Rabi Sankar hinted that existing UPI QR codes could become interoperable with the Indian CBDC in the months to come. … Read more