Digital Rupee could be exchanged cash new opportunities PM Modi
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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