Retail digital rupee pilot launches tomorrow: All you need to know

The first pilot for the retail digital rupee (e₹-R) would commence on December 1, the Reserve Bank of India said on Wednesday. The pilot for the retail digital rupee comes a month after RBI commenced the first pilot in the wholesale segment (e₹-W) with the use case — ‘settlement of secondary market transactions in government securities’.

The CBDC (Central Bank Digital Currency) initiatives are expected to bring further efficiencies in payment processing and settlements.

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