Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Indian Banks to Offer Incentives for Use of Central Bank Digital Currency (CBDC) E-Rupee

Indian Banks to Offer Incentives for Use of Central Bank Digital Currency (CBDC) E-Rupee

CointimeCointime2023/10/27 11:48
By:Cointime

Indian banks are looking to promote the use of the central bank digital currency (CBDC) e-rupee, with plans to offer incentives such as cashbacks and reward points to users who utilize digital currencies for payments within the country. The Reserve Bank of India (RBI) has been pushing for increased digital currency trading volumes and established new features to bring digital currencies to India's real-time payments system, UPI. Smaller private lending banks such as Yes Bank and IDFC First Bank are also planning to offer reward points for digital currency transactions. Other banks, including ICICI Bank and Union Bank, are also considering rolling out similar benefits.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Avalanche9000 Upgrade Goes Live, Boosting Web3 Development

Avalanche, a fast-growing blockchain, has just launched its biggest upgrade ever, called Avalanche9000.

Altcoinbuzz2024/12/18 23:35