Source: LM Context: RBI announced that customers will soon be able to use QR codes of the Unified Payment Interface (UPI) network for transactions using digital currency. Advantages: The interoperability of QR codes will facilitate more transactions using central bank digital currency (CBDC). Previously, merchants had to go through a separate onboarding process …
Context: The Reserve Bank of India (RBI) recently said that it has been working towards a phased implementation strategy central bank digital currency (CBDC). While the move has been welcomed by industry stakeholders, a few statements made by RBI have stoked concerns regarding the future of virtual currencies (VCs) such as bitcoin, ether …
Continue reading “Insights into Editorial: Money changer: On need for an official digital currency”
