India's Digital Rupee Crossed a Million Transactions in 1 Day With Some Help From Banks

CoinDesk has viewed a missive dated Dec. 29 by the Reserve Bank of India (RBI) Governor Shaktikanta Das to unit that said the usage of the e-rupee (CBDC) "exceeded the milestone of 1 cardinal transactions successful a time connected Dec. 27, 2023." A abstracted missive from 1 of the banks participating successful the e-rupee aviator said it had been encouraged it to deposit worker funds and benefits utilizing the CBDC, alternatively than usage the existing fiat currency.