Page 4 - Digital Rupee News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The CBDC Retail (CBDC-R) pilot currently allows for Person to Person (P2P) and Person to Merchant (P2M) transactions using Digital Rupee wallets provided by selected banks. Now, the RBI plans to expand its use cases by introducing programmability, which will allow government agencies to ensure payments are made for specific benefits, while letting companies allocate funds for expenses such as business travel.

India Business News: The RBI has announced offline transactions for Digital Rupee, its Central Bank Digital Currency (CBDC). Find out what this new move means and how it enhances accessibility and usability of the CBDC-R.

India Business News: The Reserve Bank of India (RBI) is proposing new authentication methods for digital payments to enhance security. Learn about the principle-based authentication framework and alternative methods that could be used.

Investors would be able to purchase government securities and other bonds using digital currency in their wallets. This would have the twin benefit of widening digital currency usage beyond the simple merchant payments at present and also help boost retail participation in the government bond market.

In December, Reuters reports, India's "digital rupee" crossed the milestone of more than one million transactions per day. Meanwhile, in early January, the European Union's central bank published a rulebook for, and Spain's central bank selected "partners" in a pilot/test program for, their own central bank digital currencies (CBDCs). In the US, CBDCs remain at the debate stage.