📉 The activity of India's digital currency, e-rupee, is sharply declining after local banks stopped artificially increasing its performance. 🏦

- Central Bank of India (RBI) reached a peak of 1 million retail transactions in December 2023 thanks to incentives from local banks.

- Now that the incentives have been withdrawn, the daily number of transactions has dropped to about 100,000.

Questions are being raised about the future of the RBI's digital currency initiatives, given the stark discrepancy between the artificially boosted numbers and actual usage.

What do you think about it? 🤔 Leave your comments below!