🚀 **India Eyes Efficient Cross-Border Payments with CBDCs!** 🌐

- **RBI Governor Shaktikanta Das** highlights India's potential to revolutionize international money transfers using Central Bank Digital Currency (CBDC).

- **Keynote Address:** At the Central Banking at Crossroads conference, Das emphasized CBDCs could cut costs and time for overseas remittances.

- **24×7 RTGS System:** India, a large economy with a 24×7 real-time gross settlement system, is exploring its expansion to global currencies.

- **Pilot Programs:** Testing programmability and interoperability with existing infrastructures like UPI, and developing offline solutions for remote areas.

- **CBDC Adoption:** Despite slow initial adoption, the digital rupee hit 5 million users in August.

- **Crypto Skepticism:** Das reiterated concerns over cryptocurrencies' volatility, advocating for a stable CBDC framework.

💬 **What are your thoughts on CBDCs vs. Cryptocurrencies? Share in the comments!**