Now there will be no need to carry cash in pocket and there will be no compulsion for online payment through any third party app. Today India's retail digital rupee is going to be launched. The Reserve Bank of India (RBI) has announced plans to launch it as a pilot project. Let us tell you that before this, the Reserve Bank of India has started the Central Bank Digital Currency (CBDC) in the country on an experimental basis from November 1. Not only India, CBDC is currently being worked on in almost half the countries of the world. Let's understand, what is this currency, how it works and which country has progressed so much in this innovation. What is central bank digital currency(CBDC) ? The electronic currency issued by the central bank of a country is called CBDC. It is used i...
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