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India Pilots Welfare Distribution via e-Rupee to Boost CBDC Adoption
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India Pilots Welfare Distribution via e-Rupee to Boost CBDC Adoption
In India, the government is turning to welfare payments to drive adoption of its central bank digital currency (CBDC). According to an April 23 report by Reuters, the Reserve Bank of India (RBI) is currently running pilot programs to route portions of the country’s roughly US$80 billion welfare system through the e-rupee in a bid to boost usage and improve welfare delivery. The pilot, run jointly by the RBI, the World Bank, the Maharashtra gover…
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