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 Digital Rupee could be exchanged cash new opportunities PM Modi
financial news

Digital Rupee could be exchanged cash new opportunities PM Modi

by admin February 2, 2022 3 Comments

Digital Rupee could be exchanged cash new opportunities PM Modi

 

Finance Minister Nirmala Sitharaman had announced that using blockchain and other technologies India will launch a “Digital Rupee” in 2022-23. On February 2, Prime Minister Narendra Modi addressed the “Atmanirbha Arthavyavastha” where he said that the Digital Rupee could be exchanged for cash. He said that Central Bank Digital Currency (CBDC) can be exchanged for cash. It will open new opportunities in the fintech sector. It will make online payments more secure and risk-free. It will give strength to global digital payment systems by creating new opportunities and lessening the burden in handling, printing, and management of cash. 

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3 Comments

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    […] as well as old users. Presently, booking for Bharat Gas is available on the app. Users can get flat Rupees 30 on their first booking through Paytm. Simply apply the promo code “FIRSTCYLINDER” […]

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    […] department head in which it will be mentioned that students will vacant the hostel and leave the university […]

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    […] The Reserve Bank of India has allowed Vostro account service to promote exports, quicken imports, and cross-border transactions in Indian rupees.  […]

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