🇮🇳 Shaktikanta Das, former Governor of RBI, shares his vision on India's CBDC in his farewell speech. He believes that the digital rupee could replace the paper-based economy.
- India is at the forefront of CBDC development, surpassing many other central banks.
- Das emphasizes the great potential of CBDC in the future, especially for domestic and cross-border payments.
- However, he advises against rushing into widespread implementation and suggests testing to understand the impacts better.
What do you think about the future of CBDC in India? Share your thoughts! 💬