India launched its e-Rupee on Thursday (December 1).

The Reserve Bank of India’s Central Bank Digital Currency (CBDC) is an electronic version of cash

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and will be primarily meant for retail transactions.

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It is a tokenized digital version of the Indian Rupee, using blockchain

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The Digital Rupee is expected to have multiple benefits, such as financial inclusion

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The RBI has demarcated the digital rupee into retail and wholesale categories

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e-rupee being an electronic version of cash primarily meant for retail transactions

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The digital currency is expected to reduce the cost of physical cash management,

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