🚨 𝗕𝗟𝗢𝗖𝗞𝗖𝗛𝗔𝗜𝗡 𝗛𝗜𝗧𝗦 𝗠𝗔𝗜𝗡𝗦𝗧𝗥𝗘𝗔𝗠 𝗜𝗡 #𝗜𝗡𝗗𝗜𝗔

RBI’s sandbox just cleared a 𝗕𝗹𝗼𝗰𝗸𝗰𝗵𝗮𝗶𝗻-𝗯𝗮𝘀𝗲𝗱 𝗠𝗦𝗠𝗘 𝗟𝗼𝗮𝗻 𝗣𝗹𝗮𝘁𝗳𝗼𝗿𝗺 by IBDIC backed by ICICI, HDFC, Yes Bank & Aditya Birla Capital.

What it means:

• Invoices → Digital tokens for instant bank checks

• Cheaper & faster credit for small businesses

• Lower fraud in supply chain finance

From #Bitcoin to business loans, blockchain’s use case in India just got real 🇮🇳

𝗜𝘀 𝘁𝗵𝗶𝘀 𝘁𝗵𝗲 𝘀𝘁𝗮𝗿𝘁 𝗼𝗳 𝗥𝗕𝗜’𝘀 𝗯𝗹𝗼𝗰𝗸𝗰𝗵𝗮𝗶𝗻 𝗽𝘂𝘀𝗵?