The Reserve Bank of India is in no hurry for a nationwide rollout for the central bank digital currency (CBDC), deputy governor T Rabi Sankar said on the sidelines at the Global Fintech Fest on Tuesday.

“We are focusing on creating sufficient use cases, particularly programmable ones,” he said. He added that the basic use-case for CBDC eventually is in the cross-border space. “So, we have to get into a few cross-border arrangements, see how it works.” he said. He further said the digital currency has touched around 7 million users.

Sankar launched ‘UPI Multi-Signatory’, ‘Small Value Transactions using Wearable Glasses via UPI Lite’ and ‘Forex on Bharat Connect’ at the event.

RBI launches linkage of FX Retail Platform

He also launched of linkage of FX Retail Platform with Bharat Con

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