Digital Rupee (CBDC), a New avatar of the Indian Rupee has been a buzzword among many users since the RBI started a pilot on December 1, 2022. It is an electronic token issued by the RBI, which is the same as a physical rupee. The user needs to register to use the eRupee wallet, which will be present on all digital devices. A user does not need to hold a bank account to use eRupee. However, to recharge the eRupee wallet, they need to link it with their bank accounts.
So, is eRupee another form of UPI or crypto?
This report helps you develop an in-depth understanding of what CBDC is, the technology architecture involved and its impact on the economies. Click here to download