Anonymity achieved in all retail CBDC wallet-to-wallet dealings done so far

Around 2,000 transactions recorded in first three days of pilot; aim now is to erase digital trails between wallets

All the wallet-to-wallet transactions of the central bank digital currency (CBDC) in the retail segment are anonymous as those transactions are not reflected in the core banking system of banks — a feature that shall boost customer confidence to use the digital rupee in India.
 

On December 1, the pilot project for testing the digital currency was kicked off by the Reserve Bank of India (RBI), in which four banks are participating across four cities — Mumbai, New Delhi, Bengaluru, and Bhubaneswar.
 

In the first three days of the pilot, around 2,000 transactions took place and volumes are expected to