IDFC First Bank, ToneTag partner to launch CBDC payments
The retail CBDC will be mainly used for retail payments just like “cash”. It will be a digital rupee (e ₹-R) signifying legal tender in the form of digital token and issued in the same denominations as paper currency and coins and will be distributed through intermediaries, i.e., banks
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
