India leads the digital revolution: CBDC in test run!

India leads the digital revolution: CBDC in test run!

Spectacular news from the tech world: India, a prominent BRICS member, is betting on the digital future and is putting the Central Bank Digital Currency (CBDC) through its paces! In the midst of global competition, India stands out, while 134 countries are still putting out their scientific feelers, India is already in pilot mode. The Indian central bank, Reserve Bank of India, is giving the world hope and excitement at the same time with its deputy governor T Rabi Sankar. The security aspects are still being examined, but the gurus of the financial world are holding their breath: Will this digital rupee break all boundaries?

Also on the stage of digital drama: Russia! Here too, the test series for the digital ruble is running rapidly. The most exciting question remains: When will the CBDC take over? According to RBI, there is no pressure on the CBDC launch. “No rush, colleagues,” Sankar reassured casually, while there was talk of an imminent disclosure moment as soon as the financial stars align. But when it starts, it will be right: trade flows could rely on CBDC in a revolutionary way and perhaps shake the global dollar dominance.

BRICS not only wants to de-dollarize, but is also relying on a digital era that puts fear into the US dollar as watcher.guru reports. Stay tuned as India and its BRICS allies begin the countdown to a new financial era!