Reserve Bank of India’s deputy governor wants to promote CBDCs
Rabi Sankar, deputy governor of the Reserve Bank of India, said the ideal way out of the digital currency dilemma is the rapid development and adoption of CBDCs.
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Reserve Bank of India: CBDC will not replace other payment methods despite initial successes
RBI's Deputy Governor Rabi Sankar assured that existing payment services in India will remain and that exploring use cases of digital rupees is intended to revitalize the payments sector.
India in ‘no hurry’ for CBDC development despite notching huge milestones
India’s digital rupee pilot already had over 50,000 users and 5,000 merchants, but despite the impressive numbers, the Reserve Bank of India noted that it would continue to approach a full-scale launch with caution.