India to start retail digital rupee pilot on December 1

The Reserve Bank of India (RBI), Indias central bank, will start the first retail pilot testing of its Central Bank Digital Currency (CBDC), also known as the digital rupee, on December 1, 2022. The pilot will be participated by eight banks and will initially cover four cities with plans to later expand the coverage to nine more cities. The first pilot for retail digital rupee will commence on December 1st, according to a statement released on Tuesday by the Reserve Bank of India (RBI). The retail pilot testing follows the RBIs wholesale central bank digital currency (CBDC) trial, which...

source: https://tokenpost.com/India-to-start-retail-digital-rupee-pilot-on-December-1-9834

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