Let's find out what is RBI's Digital Rupee.
Digital Rupee is the name of India's very own digital currency which can be accessed via phone, laptop, tablets.
It is a digital form of cash or coins that you use for your daily transactions.
Instead of holding a note in your hand, you will be holding a digital rupee in your phone wallet.
RBI is soon going to launch digital rupee in the financial year of 22-23 as per the Finance Ministry.
Digital Rupee
will be based on blockchain technology to ensure the security.
Government clearly stated that digital rupee will be the only recognized digital currency in India.
Find out more details about India's first digital currency