What is DIGITAL e-RUPEE?
💡 What Is the Digital Rupee? The Digital Rupee (e₹) is a token-based digital version of the Indian Rupee , issued directly by the RBI. It can be used just like physical cash — only in a completely digital, secure, and instant manner through mobile apps provided by participating banks. Backed by the RBI, the digital rupee combines the trust of physical banknotes with the speed and efficiency of modern technology . Globally, multiple nations are experimenting with the digital form of currency, based on their respective motivations. With today's pilot launch of digital rupee, India has added another feather to its cap of being a front runner in providing digital financial services in the world. You would be able to use digital rupee with the same confidence and trust which you placed while using physical bank notes issued by the Reserve Bank of India . Through the use of token-based digital rupee, citizens would be able to make or rec...