More than 1 Million Transactions Made in a Day with India’s Digital Currency

India’s central bank digital currency (CBDC) was used in more than a million transactions in just one day.

According to the statement made by Shaktikanta Das, Governor of the Reserve Bank of India e-rupi, “1 million transaction limit in one day on December 27, 2023” exceeded.

Why is the central bank digital money being used so much in a short time? Contribution of banks happened. According to information provided by Reuters, some banks in the country have deposited their employees’ salaries into CBDC wallets in recent weeks.

Among the banks mentioned in the news were HDFC Bank, Kotak Mahindra Bank, Axis Bank, Canara Bank and IDFC First Bank.

Deputy Governor of the Reserve Bank of India, in his statements in July, said that CBDC They aim to exceed the 1 million transaction limit per day by the end of 2023. he said.

However, this limit on a daily basis? or? For one day special? It was not stated that it was exceeded. In a July news report, retail CBDC Between 5 thousand and 10 thousand transactions were made It was reported.

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