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"It (CBDC) goes from my mobile to somebody else's mobile. So why should we create this fear psychosis?," Shaktikanta Das asked.
Since the beginning of December, the banking industry has undergone numerous significant changes. See what changes will affect the common man.
Unlike digital Rupee, UPI is just an interface used for making transactions based on physical currency. Digital Rupee is just another form of currency akin to fiat currency.
RBI has announced the launch of the digital rupee, which is a legal tender that can be used to facilitate transactions in India. The launch will occur in phases to ensure smooth operations and easy adoption.
Unlike UPI, which requires a bank account and a debit card in order to make payments, e-rupi does not need any of these things, according to experts.