According to data released by the Reserve Bank of India (RBI), 50,000 people use the country’s central bank digital currency (CBDC).
According to the statements made by the Reserve Bank of India today, the pilot study implemented for digital money in the country Used by 50 thousand people and 5 thousand businesses.
Rabi Sankar, vice-president of the central bank, said at the press conference, “We want to advance this process, but we want the process to progress slowly and gradually. We are in no rush to come up with something quickly.” said.
Sankar also said, “We have our own targets in terms of the number of users and businesses. We will move forward slowly.” he added.
According to the statements made by Sankar, the Reserve Bank of India, What exactly are the effects of digital money and what consequences it might have? without understanding does not want to act.
People using India’s pilot digital currency are currently eight different banks can operate on. Five more organizations are planned to join them in the near future.
India has completed its pilot study for digital currency. on 1 December 2022 had started. According to the information shared by the central bank, digital money has been used since this date. 770 thousand transactions were made.