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Exclusive: India’s Digital Rupee Pilot Sets Benchmark for CBDC Rollouts, Says Polygon Labs Payments Head
Story Highlights
Global CBDC exploration soars (130+ countries), but daily adoption remains low. India's Digital Rupee pilot shows promise with 1.3M users by early 2024.
CBDCs offer efficiency but spark privacy concerns. Experts stress public-private partnerships & transparency to build trust and address real-world challenges.
Central banks around the world are actively researching, testing, and piloting central bank digital currencies (CBDCs), with several countries already rolling out digital money for public use. However, despite growing interest, day-to-day adoption among citizens remains limited.
CBDCs offer several clear advantages. They allow governments and central banks to implement monetary policies more efficiently, making processes like tax deductions and foreign investment regulations automatic. Additionally, CBDCs cut down on the costs and complexities of printing and managing physical cash
is this the way...? 🤔
Exclusive: India’s Digital Rupee Pilot Sets Benchmark for CBDC Rollouts, Says Polygon Labs Payments Head
Story Highlights
Global CBDC exploration soars (130+ countries), but daily adoption remains low. India's Digital Rupee pilot shows promise with 1.3M users by early 2024.
CBDCs offer efficiency but spark privacy concerns. Experts stress public-private partnerships & transparency to build trust and address real-world challenges.
Central banks around the world are actively researching, testing, and piloting central bank digital currencies (CBDCs), with several countries already rolling out digital money for public use. However, despite growing interest, day-to-day adoption among citizens remains limited.
CBDCs offer several clear advantages. They allow governments and central banks to implement monetary policies more efficiently, making processes like tax deductions and foreign investment regulations automatic. Additionally, CBDCs cut down on the costs and complexities of printing and managing physical cash
is this the way...? 🤔
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