The digital rupee, India\“s central bank digital currency （CBDC）, presents several advantages that have captured the attention of both the government and the public.
Enhanced Security: Unlike physical cash, the digital rupee offers better security features, reducing the risk of counterfeit currency and theft.
Accessibility: With the digital rupee, transactions can be made at any time and from any location, eliminating the need for physical currency and reducing the hassle of visiting banks.
Efficiency: Digital transactions are faster and more efficient than traditional banking methods, helping to streamline financial processes and reduce administrative overhead.
Reduced Cost: The digital rupee reduces the need for physical infrastructure, thereby reducing the cost of maintaining and distributing cash.
Inclusivity: The digital rupee promotes financial inclusion by providing access to banking services to those who previously had limited access, such as rural populations and the unbanked. |
