The Reserve Bank of India (RBI) is enhancing its cross-border payments platform to enable instant settlements by partnering with nations in Asia and the Middle East, including the UAE. Current agreements with Sri Lanka, Bhutan, and Nepal already support streamlined transactions. RBI is exploring central bank digital currencies (CBDCs) for settlement, with plans to expand beyond its bank-to-bank pilot launched in 2022. India’s digital rupee has gained 5 million pilot users, while offline solutions are being tested to boost adoption in rural areas. Critics warn of privacy risks in CBDC implementation.

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed