Confused About RBI CBDC E-Rupee on Blockchain #cbdc #erupee #vedanta

Confused About RBI CBDC E-Rupee #cbdc #erupee #vedanta
One of the biggest issues in India is counterfeit currency. This is because of the lack of a proper paper trail, making it difficult to track down perpetrators. The Reserve bank of India has come up with a solution by adding a digital currency called E-Rupee, this will be 100% secure and prevent fraudsters from duplicating or falsifying the notes. .Zebpay, a bitcoin startup in India announced their partnership with the RBI this week. The E-Rupee will be based on BTC and have a total supply of 21 million. Zebpay will provide the service to over 25 million Indian citizens and make it into one of the largest exchanges in India with about 50% market share of bitcoin to rupees trading volume. The RBI also plans on launching E-Bharat for digital payments that can be made through mobile wallets . Central bank digital currency is based on Blockchain Technology ." The move will give a boost to cryptocurrency trading across the country, putting in place necessary regulatory and legal framework for trading of digital currencies," said the central bank in a statement.

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