The country launched an e-rupee pilot for the wholesale segment on November 1.
The initial excitement among Indian bankers over the launch of a central bank-sponsored digital rupee seems to be fizzling out. They find it adding to their paper and accounting work without bringing any significant benefits over the existing procedures.Bankers Not Enthused
For the customers, the process of using the digital rupee is similar to net banking, which they are already using and are satisfied with, bankers told the news agency.The e-rupee is a digital alternative to cash, which offers a certain degree of anonymity as it used distributed-ledger technology. These are the advantages that consumers and retailers might like. But in interbank settlements, it doesn’t bring any advantages, they said.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Yes, new development condo sales dropped around Thanksgiving | amNewYorkNew development condo sales declined 21% the week of Thanksgiving. Holidays almost always bring a lull in activity because agents lose days for transacting. This is normal.
Baca lebih lajut »
USD/INR Price Analysis: Indian Rupee buyers are well-set for 80.90USD/INR Price Analysis: Indian Rupee buyers are well-set for 80.90 – by anilpanchal7 USDINR Technical Analysis TrendFollowing ChartPatterns SupportResistance
Baca lebih lajut »
USD/INR: Indian Rupee to depreciate moderately – MUFGThe Indian rupee is likely to depreciate moderately due to the potential strengthening of the US dollar in the near term, according to analysts at MUF
Baca lebih lajut »
US hiring stayed strong in November as employers add 263,000 jobs despite inflation, economyThe unemployment rate stayed at 3.7%, still near a 53-year low, the Labor Department said Friday.
Baca lebih lajut »