eRupee, the Indian central bank digital currency (CBDC), was reportedly used to process transactions worth Rs. 5.70 crore in the first four months since it entered the retail trials phase. The information was disclosed by the Reserve Bank of India (RBI) as it responded to an RTI query initiated by Moneycontrol. The RBI launched eRupee … Read more
The CBDC concept in Japan, has not quite spread out to the residents there, new findings have shown. Less than 20 percent of Japan’s population is familiar with the term CBDC, claimed Kazuo Ueda, the governor of the Bank of Japan (BoJ), during a recent speech. He also noted that another 20 percent Japanese residents, … Read more
The Reserve Bank of India (RBI), that is spearheading the creation and testing of the eRupee CBDC, is aiming to fasten the time it takes for financial settlements to be completed. In a recent keynote address at the RBI@91 high-level conference in New Delhi on October 14, RBI Governor Shaktikanta Das highlighted that India is … Read more
South Korea’s central bank is set to launch CBDC trials for real-world transactions under the “Digital Test Project Hangang,” according to local reports citing BoK officials. The three-month programme is said to involve seven banks and 100,000 participants that will be testing blockchain technology’s role in finance. The BoK reportedly sees this large-scale pilot as … Read more