India’s retail giant Reliance to accept CBDC at stores

India’s retail giant Reliance to accept CBDC at stores

Source: TechCrunch Reliance Retail, India’s largest retail chain, will start accepting retail payments in digital rupee in a move that could supercharge the adoption of the country’s recently launched CBDC. The Mukesh Ambani-led firm said it has partnered with ICICI Bank, Kotak Mahindra Bank and fintech Innoviti Technologies to launch the in-store support for digital rupee. […]

The State of Global CBDC Adoption with Darrell Duffie

The State of Global CBDC Adoption with Darrell Duffie

Source: Ripple Each quarter we’ll be going under the hood with professors from Ripple’s University Blockchain Research Initiative (UBRI) to gain a deeper understanding of trending topics in crypto and blockchain, and highlight their insights and key takeaways.  There seem to be almost as many opinions about the viability and best use of Central Bank Digital Currencies […]

Indian central bank on track to launch retail CBDC pilot next month

Indian central bank on track to launch retail CBDC pilot next month

Source: CryptoSlate The Reserve Bank of India (RBI), the country’s central bank, is finalizing the rollout of the retail digital rupee pilot, the Economic Times of India (ETI) reported on Nov. 19. The RBI initiated the wholesale central bank digital currency (CBDC) pilot on Nov. 1 to test its usage in settling transactions in government securities. At the time, […]

India’s Central Bank to Start Wholesale CBDC Pilot Nov. 1

India's Central Bank to Start Wholesale CBDC Pilot Nov. 1

Source: Coindesk India’s central bank will introduce a pilot wholesale central bank digital currency (CBDC) Nov. 1, and a retail version will start within a month. In a statement, the Reserve Bank of India (RBI) said the use case for the wholesale digital rupee is the “settlement of secondary market transactions in government securities” because it […]

India’s Central Bank Crystalizes CBDC Vision in Concept Note

India's Central Bank Crystalizes CBDC Vision in Concept Note

The Reserve Bank of India (RBI) has published a 50-page concept note for the introduction of a central bank digital currency (CBDC). The document is the first such comprehensive report by the RBI’s Fintech Department, which was created in January 2022 with the responsibility of forming cryptocurrency regulations and creating a central bank digital currency. The RBI said it […]