cryptonews: India 🇮🇳 - Up to 400,000 Indian consumers will test the digital Rupee 🔥
Last week, on Nov. 15, the eight billionth human being was born, according to the UN.
With a combined 2.8 billion people, China and India both hope to have a fully functioning CBDC at least partially in place by next year. China's essentially there, having been developing the digital yuan, or e-CNY, for eight years and rolling it out for at least two.is only just beginning, with the Reserve Bank of India only issuing a report describing the pros and cons of a CBDC in February 2021.
Run by the RBI on a platform hosted by the National Payments Corporation of India, the initial digital rupee test will initially be run by eight banks, with plans to expand it to all banks later in the trial run.
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