The Reserve Bank of India (RBI) is aiming to scale up the number of central bank digital currency (CBDC) transactions to one million per day by the end of 2023, Deputy Governor T Rabi Sankar said on Tuesday.
Currently, around 5,000-10,000 transactions are being done per day using retail CBDC (e₹-R) – the pilot for which was launched by the RBI in December last year.
This story is subscriber only!
Now subscribe at a special Republic Day offer of Rs 75/month.
Subscribe Now
Already a subscriber? Sign in