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India's biggest retailer trials digital rupee
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Customers that want to pay with the digital rupee, will be given a dynamic digital rupee acceptance QR code that is scanned at checkout.V Subramaniam, director, Reliance Retail, says: “With more Indians willing to transact digitally, this initiative will help us provide yet another efficient and secure alternative payment method to customers at our stores.”India began piloting a retail digital rupee last month, following up on an earlier wholesale CBDC trial.The central bank hopes that a CBDC will help in its aggressive efforts to move the country away from cash and boost financial inclusion, as well as deter interest in cryptocurrencies.
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