India’s Digital Rupee Usage Drops Drastically After Initial Surge
Submitted by Anonymous (not verified) on Wed, 06/26/2024 - 06:00
India’s central bank digital currency (CBDC), the digital rupee, has experienced a significant decline in usage, decreasing to a tenth of its peak in December 2023, according to sources involved in the pilot project. The Reserve Bank of India (RBI) initially reached 1 million daily retail transactions with the digital rupee by incentivizing banks and […]