This paper is published in Volume-8, Issue-5, 2022
Area
Economics
Author
Preet Lodha Jain
Org/Univ
Prabhavati Padamashi Soni International Junior College, Mumbai, Maharashtra, India
Keywords
CBDCs, Distributed Ledger Technology, Blockchain, Digital Rupee, Intermediaries, Custodians, GDP
Citations
IEEE
Preet Lodha Jain. Central Bank Digital Currencies in India; The digital Rupee: An alternative to cash or not, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.
APA
Preet Lodha Jain (2022). Central Bank Digital Currencies in India; The digital Rupee: An alternative to cash or not. International Journal of Advance Research, Ideas and Innovations in Technology, 8(5) www.IJARIIT.com.
MLA
Preet Lodha Jain. "Central Bank Digital Currencies in India; The digital Rupee: An alternative to cash or not." International Journal of Advance Research, Ideas and Innovations in Technology 8.5 (2022). www.IJARIIT.com.
Preet Lodha Jain. Central Bank Digital Currencies in India; The digital Rupee: An alternative to cash or not, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.
APA
Preet Lodha Jain (2022). Central Bank Digital Currencies in India; The digital Rupee: An alternative to cash or not. International Journal of Advance Research, Ideas and Innovations in Technology, 8(5) www.IJARIIT.com.
MLA
Preet Lodha Jain. "Central Bank Digital Currencies in India; The digital Rupee: An alternative to cash or not." International Journal of Advance Research, Ideas and Innovations in Technology 8.5 (2022). www.IJARIIT.com.
Abstract
With rapid changes in technology, digital currencies are gaining momentum across the globe. As of March 2022, 87 countries are considering issuing Central Bank Digital Currencies (CBDC), compared to the 35 countries in May 2020, showing the promise that Digital Currencies hold in the near future. One such country that has been making great strides towards digital currency and holds immense promise for its economic success is India. Digital Rupee—India’s CBDC. The most basic definition of CBDCs are that they are a digital version of the fiat currency.
