🇮🇳 #India Expands Digital Rupee Use Cases — #CBDC Adoption Accelerates 💸📱

The Reserve Bank of India (RBI) is ramping up its digital rupee pilots with new features like:

🔧 Programmability — for targeted payments like subsidies

📶 Offline capability — for areas with poor internet access

🏦 Wholesale expansion — with more institutional participation

📲 Retail reach grows — now at 600K users via 17 banks

💼 Even non-banks can now offer CBDC wallets, aiming for mass adoption.

Meanwhile, India continues to dominate global real-time payments, with UPI handling 48.5% of the world’s volume. 🚀

⚖️ On the flip side, India’s Supreme Court is pressing for clear crypto regulation, warning of a “parallel economy” amid rising adoption and a 30% tax on gains.

The future of digital finance in India is evolving fast — both CBDCs and crypto are in the spotlight. 👀