🧵 1. Indian banks witness 15,000 retail CBDC transactions per day, aiming for 1 million by year-end: RBI Deputy Governor T Rabi Sankar. #crypto
🧵 1. Indian banks witness 15,000 retail CBDC transactions per day, aiming for 1 million by year-end: RBI Deputy Governor T Rabi Sankar. #crypto
🧵 2. Interoperability with UPI QR codes achieved, now focusing on increasing CBDC transactions, says Sankar.
🧵 3. State Bank of India, HDFC Bank, and others enable UPI QR code interoperability with CBDC payments.
🧵 4. RBI looks to expand CBDC use-cases, including offline mode availability, due to lower transaction volumes.
🧵 5. RBI focuses on regulating fintech industry through self-regulatory organization (SRO) and explores channels for foreign investment in India's government bonds.
🧵 Read more at: https://www.financialexpress.com/business/banking-finance-seeing-15000-retail-cbdc-transaction-per-day-rbi-deputy-governor-t-rabi-sankar-3243954/