E-RUPEE 130 CRORE CIRCULATION UPSC |Digital Revolution: E-Rupee's Rise Beyond Rs 130 Crore

The e-rupee, India's central bank digital currency (CBDC), has been gaining popularity since its launch in December 2022. As of August 4, 2023, it has over Rs 130 crore in circulation. The e-rupee's rise is attributed to factors such as growing awareness, adoption, game-changing use cases, and government support.The e-rupee has become a digital force that transcends geographical boundaries, making its presence felt across the nation. Over a million businesses have accepted it, integrating it into daily financial transactions, including peer-to-peer payments, bill settlements, merchant transactions, and even government dues.The e-rupee's versatility is another key factor in its success. It offers convenience, cost-effectiveness, transparency, and financial inclusion. The Reserve Bank of India is committed to expanding its potential, making it more accessible and diverse in its applications. The e-rupee is set to become a digital trailblazer that will transform the way we interact with our finances and the economy.In conclusion, the e-rupee's journey is not just a digital currency but a testament to India's embrace of the future. Join us on this incredible journey through the digital revolution and stay updated with the latest insights from @KudosKuber.