๐ RBI's Plug-and-Play Plan for Cross-Border Payments! ๐
The Reserve Bank of India (RBI) is cooking up a "plug-and-play" system to make cross-border payments as smooth as butter! ๐ง With fast payment systems and central bank digital currencies (CBDCs) popping up like mushrooms, RBI Governor Shaktikanta Das believes interoperability is the secret sauce for maximum efficiency.
But here's the kicker: each country wants its own flavor. Das suggests a system that respects each nation's unique taste while still playing nice with others.
What do you think? Could this be the future of global payments? Drop your thoughts below! ๐ฌ