India’s central bank digital currency (CBDC), the digital rupee, has experienced a significant decline in usage, decreasing to a tenth of its peak in December 2023, according to sources involved in the pilot project. The Reserve Bank of India (RBI) initially reached 1 million daily retail transactions with the digital rupee by incentivizing banks and […]
Source: https://news.bitcoin.com/indias-digital-rupee-usage-drops-drastically-after-initial-surge/
India’s Digital Rupee Usage Drops Drastically After Initial Surge
