LF Decentralized Trust India Chapter reposted this
Co-Founder @ FSV Capital | TEDx Speaker| Co-Chair LF Decentralized Trust| Blockchain TOP VOICE | Hyperledger, Fintech, Digital Assets/Tokenization, CBDC | Driving Blockchain Innovation and Adoption
India's Digital Payment Evolution UPI to CBDC…. Reserve Bank of India (RBI) is piloting CBDC - Retail & wholesale CBDC, almost 5 million users , 13 banks since last 2 years. This report from Hashtag web3 community by Vedang Vatsa FRSA and industry leaders from India. #web3 #blockchain #digitalpayments #cbdc #digitalrupee #upi #npci #rbi #india LF Decentralized Trust LF Decentralized Trust India Chapter Julian Gordon Daniela Barbosa Prasanna Lohar Sharat Chandra Monica Jasuja Rohas Nagpal Arjun Vijay Preetam , QuillAI 🥷🏄 Arjun Vir Singh Chintan Oza Alekh Johari "MTB - Metaverse Torch Bearer" Irfan ッ Khan Ashish Khandelwal Ravikant Agrawal Kamalika Poddar Atlantic Association of CBDCs CBDC Reserve Bank Innovation Hub (RBIH)
Looking forward to seeing how this model can be applied or adapted internationally.
I'm curious about the user experience feedback gathered from these trial phases.
Increased security and efficiency will benefit both consumers and businesses alike.
I'm curious about how this might influence other countries' approaches to digital currencies.
Impressive number of users involved in the pilot, indicating strong interest and potential adoption.
5 million users participating is a significant scale for any technological pilot project.
UPI has already set a strong foundation for digital payments; expanding with CBDC seems like a natural progression.
Curious to know how users are finding the transition from UPI to CBDC.
It's impressive to see how rapidly the digital payment landscape is evolving.
COO at Contractor Foreman | 3X Entrepreneur | 2 Exits | Construction Technology and Innovation
3wIt's important to monitor how this pilot project influences global digital economies.