Indian retail giant Reliance Retail announced on Thursday that it has started accepting digital rupee payments to become the largest Indian firm to adopt the nation’s central bank digital currency (CBDC).
See related article: India’s Budget Disappoints
Fast facts
The retail branch of Fortune Global 500 firm Reliance Industries Ltd. has already started accepting digital rupee payments in one of its Freshpik grocery stores in Mumbai, Reliance Retail director V. Subramaniam told local broadcaster CNBC-TV18 .
Reliance Retail intends to expand digital rupee support to all Freshpik stores in Mumbai in the coming months, Subramaniam said.
Reliance Retail has partnered with ICICI Bank, Kotak Mahindra Bank and fintech firm Innoviti Technologies to launch in-store digital rupee payments.
The Reserve Bank of India (RBI) started rolling out retail CBDC pilot trials in 13 cities last December.
The RBI launched its wholesale CBDC pilot last November to test the settlement of secondary market transactions in government securities.
See related article: The Digital Rupee
License.
Related News
Search about Crypto News
The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.
Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!
We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.
| LEARN MORE ABOUT |
-
BITRSS | Submit Your Crypto NEWS
BitRss.com not only Update the Sources several time a day and allow Visitors to follow and comment on the latest News; We accept submissions of your own Bitcoin or related Crypto stories.
Our Team will evaluate in depth, human touch, if the Rss and Feeds Sources, will be in line with our policy.
( Change privacy settings )
Please support BitRss.com: if you like it, share your favorite News to your Socials!
Today Most Popular News
-
![]()
Immutable zkEVM Offering Up to $50 Million in Token Rewards to Ethereum GamersEthereum users can earn IMX rewards for playing games, using exchanges, trading NFTs, and more on Immutable zkEVM.
-
![]()
Comparative Analysis of Layer-1 Blockchain EconomiesLayer-1 blockchains have three sources of funding for the validators supporting their networks: unlocked tokens from the total supply, minting of...
-
![]()
The BTC Halving's Grave WarningBitcoin likely can't keep on with business as usual.
-
![]()
Top Meme Coin Picks for Long-Term Holding: Dogecoin (DOGE), Shiba Inu (SHIB), and Furrever Token (FURR)The post Top Meme Coin Picks for Long-Term Holding: Dogecoin (DOGE), Shiba Inu (SHIB), and Furrever Token (FURR) appeared first on Coinpedia...
-
![]()
BREAKING: Coinbase Futures Announces 3 New Altcoins to List!Coinbase International, the global futures platform of Coinbase, the largest cryptocurrency exchange in the USA, announced in its statement that...
-
![]()
SEC seeks to regulate ETH as a security, Consensys alleges in lawsuitConsensys, the company behind MetaMask, filed a lawsuit against the Securities and Exchange Commission in a Texas court on Thursday. The...
-
![]()
Spot Crypto ETFs Set To Begin Trading in Hong Kong Next Week: ReportSpot market crypto exchange-traded funds (ETFs) are reportedly set to launch in Hong Kong as soon as next week. According to a new report by...
-
![]()
Ethereum, Solana and Altcoins Approaching ‘Banana Zone,’ According to Macro Guru Raoul Pal – Here’s His OutlookEx-Goldman Sachs executive Raoul Pal says the altcoin market cap is on the verge of soaring to new all-time highs (ATHs). In a new video...
-
![]()
米コンセンシス、イーサリアム（ETH）規制めぐり米SECを提訴コンセンシスがイーサリアム規制めぐり米SECを提訴 米コンセンシス（Consensys）が、イーサリアム（Ethereum）の規制に関連して、米SEC（証券取引委員会）に対して提訴したと4月25日発表した。 米コインベースグローバル（Coinbase...
-
![]()
House Financial Services Committee set to introduce stablecoin billThe corridors of Congress are buzzing as the House Financial Services Committee edges closer to a breakthrough in stablecoin legislation. At the...
