e-RUPI is a digital payment solution launched by the National Payments Corporation of India (NPCI) in August 2021. It is a voucher-based payment system that enables cashless transactions for various purposes such as healthcare, welfare schemes, and corporate incentives, among others. What is e-RUPI Digital Payment? e-RUPI is a QR code or SMS-based payment system …
How e-RUPI Digital Payment System Benefits People? Read More »
India’s digital rupee has the potential to significantly impact the finance world by bringing financial services to more people, increasing the speed and efficiency of transactions, exploring CBDC for cross-border payments, and reducing the cost of financial services. RBI has launched the pilot version of India’s central bank digital currency (CBDC) Digital rupee for both …
How Digital Rupee Can Revolutionize India’s Financial Sector? Read More »
Digital Rupee (e₹-R) is the central bank digital currency (CBDC) of India backed by RBI. It is a digital form of the Indian Rupee. In a digital Rupee system, the Reserve Bank of India (RBI) would issue and manage the digital currency, while participating banks would act as intermediaries to enable transactions between consumers and …
Step by Step Guide to do Digital Rupee Transactions (India’s Digital Currency) Read More »
The government of India has recently launched the pilot version of its most awaited digital currency – Digital Rupee (e₹-R). Digital Rupee is the central bank digital currency (CBDC) of India backed by the Reserve Bank of India. This currency holds equal value as fiat currency (cash & coins) in India. Today the chairperson of the …
Anand Mahindra Gives the Live Demo of Digital Rupee Transaction: Buys Fruits Read More »
Crypto mining requires the setup of a computer hardware network of high cost which is known as Mining Rig. Mining Rig is used to mine bitcoins and other cryptocurrencies. Anyone with fast Mining Rig can mine cryptocurrencies from a computer or laptop at home. It does require some technical knowledge to configure and manage such …
Can Anyone Mine Cryptocurrencies (How does Crypto Mining work)? Read More »
The Q2 earning report of Tesla has come as a shocker for crypto admirers as it stated that the company has reportedly sold its 75% of Bitcoin (BTC) holding. This news came at a time when cryptocurrency is already trading at its month low, going down by over 50% since last year. Tesla mentioned in …
1% TDS will be levied on the transfer of virtual digital assets (such as crypto and NFTs) from July 1st as stated by the finance minister Nirmala Sitharam stated in the Union budget 2022. Whereas 30 % Tax has already been imposed on crypto investors, now it will be interesting to see how 1% TDS …
1% TDS on Crypto from July 1st: Who will Deduct TDS? Read More »
RBI detected a 101% rise in fake notes of Rs 500 and a 54.6 % increase in fake notes of Rs. 2000. RBI’s annual report mentioned, During 2021-22, out of the total Fake Indian Currency Notes (FICNs) detected in the banking sector, 6.9 percent were detected at the Reserve Bank and 93.1 percent at other …
The annual report of RBI stated that compared to the last year RBI discovered 101% of more fake notes of Rs. 500 and 54.6 % of more fake notes of Rs. 2000. The report also mentions that during 2021-22, out of the total Fake Indian Currency Notes (FICNs) detected in the banking sector, 6.9 percent …
RBI’s report on Fake Notes: One more reason to adopt CBDC Read More »
Students using e-CNY SIM card placed on a feature phone to make digital payments Parents can view a child’s purchase history and can add funds in their digital currency wallet China has become the world’s first largest economy to adopt central bank digital currency (CBDC). Since 2014 China was exploring digital currencies and in April …
China Started Digital Yuan Trial in Schools with e-CNY enabled student ID Card Read More »
