Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!
Next, the bank will initiate a pilot program to explore the use of a retail digital rupee that members of the general public will be able to use, according to a report from the Economic Times of India. The retail digital rupee pilot is expected to launch within the next month. The National Payments Corporation of India will be hosting the CBDC platform, which will be similar to the instant real-time payment system formed by NPCI, the unified payments interface system.
“Just like we have a common library for UPI, the technology for CBDC is similar to that, and it is being hosted by NPCI, it will be interoperable with the current payment platforms,” an anonymous source told the Economic Times of India. “The e-rupee will be stored in a wallet, the denominations will be available as per the customer’s request, just like you request cash from an ATM. Banks are launching this only in select cities.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Federal Reserve may be adopting a new ‘speed vs. destination’ paradigmExclusive to Kitco News, technical analyst Gary Wagner provides a daily recap of what happened in the gold market, highlighting important events that captured investors' attention during the U.S. trading session. Wagner's commentary features a mix of fundamental news and technical analysis, noting important support and resistance levels.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Morgan Rielly placed on long-term injured reserve with knee injury - Daily FaceoffThe Leafs are now without three of their top four defenseman after Rielly left Monday's game against the Islanders.
Source: DailyFaceoff - 🏆 25. / 68 Read more »
Grayscale’s decision to withhold proof of reserve data could mean this for BTCGrayscale’s recent statements puts Bitcoin at risk of another crash or subdued performance BTC drops below $16,000 for the first time in two years The FTX crash was a wakeup call for exchanges and crypto companies to adopt more transparency. As a result, many have embraced the idea of providing proof of reserve. It thus, […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
Emily Carr, Tom Thomson paintings up for auction in December, valued up to $12MHistorical and famous paintings by Canadian artists are up for auction, including works by Paul Kane, Tom Thomson and Emily Carr.
Source: CTVNews - 🏆 1. / 99 Read more »
Maple Leafs place Morgan Rielly on LTIR, recall Victor Mete, Mac Hollowell from the MarliesDefenceman Morgan Rielly has been placed on long\u002Dterm injured reserve, the team announced
Source: TheTorontoSun - 🏆 23. / 68 Read more »
Oil prices ease to trade near two-month lows on Chinese demand fears, U.S. dollar strengthBrent crude futures for January had slipped 65 cents to $86.97 a barrel by 1000 GMT, while U.S. West Texas Intermediate crude futures for December were down 37 cents at $79.71
Source: globeandmail - 🏆 5. / 92 Read more »