Business News | At Davos, RBI Governor Says Digital Currency Will Make Cross Border Payments More Efficient

Business News | At Davos, RBI Governor Says Digital Currency Will Make Cross Border Payments More Efficient

Davos [Switzerland], January 19 (ANI): Reserve Bank of India (RBI) Governor Shaktikanta Das feels that digital currency or Central Bank Digital Currency (CBDC) will make cross-border payments more efficient and fast, in addition to being cost-effective.The digital currency was launched in India on a pilot basis, both in the wholesale and retail categories, in November-December 2022.Also Read | Apple Online Store Closed: Apple Takes Down Its Online Store in US Ahead of Vision Pro Pre-Orders; Know More Details.”The greatest advantage of CBDC will be cross-border payments…
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Source: https://www.latestly.com/agency-news/business-news-at-davos-rbi-governor-says-digital-currency-will-make-cross-border-payments-more-efficient-5705699.html/amp