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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

Topics
Reserve Bank of India | Retail | Digital Payments

Manojit Saha  |  Mumbai 



digital wallet
On December 1, the pilot project for testing digital currency started by the Reserve Bank of India in which four banks are participating across four cities.

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

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First Published: Sun, December 04 2022. 20:49 IST

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