RBI to implement Virtual Rupee as Crypto Technology

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RBI (Reserve Bank of India) is going to implement a digital currency unlike bitcoin or Ethereum. RBI is about to introduce a CBDCs which are a form of Central Bank issued digital currency which are pegged for 1:1 to the value of Indian Rupees. CBDC is Central Bank Digital Currency which are administered by the RBI. With the introduction of CBDCs the economy of digital platform will hopefully get boosted. On Friday 7th October RBI has released a note on CBDCs and it really covers the fundamental doubts about the CBDCs and also quoted that they will soon release the pilot launches of e₹.

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