The Reserve Bank of India (RBI) is taking a big step by adding new features to its digital currency, making it smarter and more useful. They’re introducing programmability and the ability to work offline. This is a big deal because it means the digital rupee can do more than just simple payments between people and shops. Now, it can be set up for specific uses, like making sure government help goes to the right place, or helping businesses manage their spending better.
People with bad internet access (and no internet) can still use digital money
The offline feature is especially important. It means people in areas with bad internet or no internet at all can still use digital money. This is a game-changer for parts of the country that are hard to reach or don’t have good mobile service.
The RBI isn’t stopping there. They’re also working on making digital transactions safer and looking for new ways to check that payments are secure. Plus, they’re thinking about how to make sure India gets its fair share from the sale of digital goods like apps and games. They want to change old rules so they can tax these products, which would help India compete better in the global market.
All these changes show that India is serious about making its digital currency work better for everyone. It’s not just about making payments easier; it’s about making sure the economy grows and everyone can be a part of it, no matter where they live or how good their internet is.
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(Via)
