Reserve Bank of India’s CBDC enhancements aim to boost adoption
The Reserve Bank of India is planning upgrades for its digital rupee to encourage wider adoption, including offline payments and integration with Unified Payments Interface.
The Reserve Bank of India is planning upgrades for its digital rupee to encourage wider adoption, including offline payments and integration with Unified Payments Interface.
Joseph Angaye, deputy director of the Central Bank of Nigeria’s risk management department, disclosed that the CBN will continue to leverage innovative technologies like the NFC to improve user experience.
The partnership between Samsung and the Bank of Korea entails experimenting with offline payment functionality for CBDC, including studying the possibility of using NFC without an internet connection.
Using NFC technology, the mobile application allows mobile wallets to instantly transfer Bitcoin amounts to one another.
Near-field communication (NFC) wallets the size of a grain of rice are becoming all the rave because of their usefulness and installation location—under the wallet owner’s skin.