In July of last year, Rabi Sankar, the Deputy Governor of the Reserve Bank of India (RBI), set a target for the daily transaction volume of the digital rupee to reach 1 million transactions by 2023. At that time, the transaction volume of the central bank digital currency (CBDC) was only 10,000 per day. Local media reported that the company achieved this milestone on December 27, 2023.
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India’s CBDC reaches 1 million daily transactions
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