Digital
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The Federal Reserve released a report last week exploring opportunities to create a fully digital U.S. dollar, which could serve as a more stable alternative to other digital forms of money like cryptocurrency. Called “central bank digital currencies” (CBDCs), the currency would be equivalent to a digital form of paper money in the United States. Digital […]
On 4 January, the central bank said offline digital payments of up to ₹200 will be allowed without active internet connections. With his move, RBI is allowing payments solution providers to ignore the second factor of authentication, like the Unified Payments Interface (UPI) key, said an official, seeking anonymity. This could help more merchants adopt […]
