eRupee: The Game-Changer for Financial Inclusion
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The Digital Rupee (eRupee), introduced by the Reserve Bank of India on December 1, 2022, marks a significant step towards a digital economy. Using blockchain technology, it ensures secure, transparent, and efficient transactions while reducing dependency on physical cash. Recent advancements underline its potential to transform financial inclusion, streamline payments, and enhance the overall monetary system. As a Central Bank Digital Currency (CBDC), the eRupee paves the way for innovative financial solutions and reflects India’s commitment to adopting cutting-edge technology. Its impact on the economy could be profound, fostering a more robust and modernized financial infrastructure.
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