$XRP BREAKING NEWS
RBI Confirms Use of Ripple's XRP Ledger for Digital Rupee Project🤑
How It Works
India's central bank, the Reserve Bank of India (RBI), has confirmed the use of Ripple's XRP Ledger for its Digital Rupee project. The partnership aims to enhance the efficiency and security of Digital Rupee, leveraging Ripple's expertise in blockchain technology and cross-border transactions.
Maintained by a global community of businesses and developers, XRP Ledger (XRPL) is a decentralized public blockchain designed for high-performance and low-cost transactions.
Introduced by the finance minister of India in February 2020, Digital Rupee (e₹) is a tokenized digital version of the Indian Rupee, issued by the RBI as a Central Bank Digital Currency (CBDC). The Digital Rupee is divided into two segments: Wholesale (e₹-W) for financial institutions and Retail (e₹-R) for consumer and corporate transactions.