Business Today - Digital Pound Foundation

India Plans For Wholesale CBDC Expansion into Call Money Markets and Retail CBDC to Reach 1 Billion Transactions Per Day

In an ambitious expansion of the Digital Rupee pilot studies, the Reserve Bank of India (RBI) is set to broaden the reach of its Central Bank Digital Currency (CBDC) initiatives. Notably, the wholesale CBDC is poised for integration into the interbank and call money market. Concurrently, the RBI harbors hopes of achieving a remarkable milestone […]

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Whilst most CBDC experiments have involved private sector technology providers, the overwhelming majority of these experiments, to date, have not involved participation from other private sector actors. The Digital Pound Foundation is unique in proposing a model whereby the public and private sectors can fully engage in the design, development and adoption of a digital Pound, thus contributing to its successful roll-out and helping drive forward the UK’s transition to a digital economy.

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