RBI Governor Advocates CBDC Adoption for Efficient Cross-Border Payments

  • Reserve Bank of India (RBI) Governor iterates that adopting Central Bank Digital Currency (CBDC) can enhance the efficiency of cross-border payments.
  • India has initiated CBDC or e-rupee pilots in both wholesale and retail segments, and the RBI is gradually expanding these to broader sectors.
  • Governor Das pointed out that CBDCs’ instant settlement feature could make cross-border payments cheaper, faster, and more secure.
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