Last July, the Reserve Bank of India’s (RBI) Deputy Governor T Rabi Sankar set out a 2023 goal of reaching 1 million daily transactions for the digital rupee. At the time the central bank digital currency (CBDC) volume was just 10,000 a day. Indian news outlet Money Control reported it reached the milestone on December 27.
That’s according to an internal letter to staff by RBI Governor Das sent on December 29. Ledger Insights has not seen the letter and the central bank did not confirm the news by publication time.
Following the launch of the pilot in December 2022, 1.3 million users downloaded the digital rupee wallet by July 2023.
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