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E-rupee in circulation grows to Rs 1k cr; RBI exploring cross-border CBDC pilots
The Northlines
|30 MAY 2025
The value of central bank digital currency (CBDC) or e-rupee in circulation jumped to Rs 1,016 crore at the end of March 2025 from Rs 234 crore in the year-ago period, the Reserve Bank said on Thursday.
The RBI is exploring the commencement of CBDC pilots on cross-border payments, it said in the annual report without giving a timeline.
The CBDC was first introduced in November 2022 initially with a wholesale pilot, which was followed up with a retail one as well. Simplifying cross-border payments was one of the stated advantages of the CBDC, which had to be introduced in face of the challenge to the currency system from non-fiat virtual currencies like Bitcoins.
"...the Reserve Bank is exploring commencement of CBDC pilots on cross-border payments both on bilateral and multilateral basis to overcome key challenges related to turnaround time, efficiency and transparency," it said.
Cette histoire est tirée de l'édition 30 MAY 2025 de The Northlines.
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