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The RBI said users will be able to transact with the digital rupee through a digital wallet offered by the participating banks and stored on mobile phones/devices.
Digital Rupee or e-Rupee isn’t linked to cryptocurrency by any means and isn’t based on Blockchain technology. It is just a digital form of cash/paper money.
The retail digital rupee makes its debut today. As the four banks selected by the Reserve Bank of India (RBI) gear up for the pilot launch of the digital rupee, here are 10 important points that you need to know about the digital currency
Digital Rupee arrives in India: How’s it different from UPI
RBI has start the first trial for 'Retail Digital Rupee' in Mumbai, Delhi, Bengaluru and Bhubaneswar from December 1, 2022.