Business and Finance
Source: (remove) : cnbctv18
RSSJSONXMLCSV
Business and Finance
Source: (remove) : cnbctv18
RSSJSONXMLCSV
Sat, March 29, 2025
Fri, March 28, 2025
Thu, March 27, 2025
Wed, March 26, 2025
Tue, March 25, 2025
Mon, March 24, 2025
Sat, March 22, 2025
Fri, March 21, 2025
Thu, March 20, 2025
Wed, March 19, 2025
Mon, March 17, 2025
Tue, March 11, 2025
Thu, March 6, 2025
Mon, March 3, 2025
Sat, March 1, 2025
Fri, February 21, 2025
Mon, February 17, 2025
Sat, February 15, 2025
Fri, February 14, 2025
Wed, February 12, 2025
Tue, February 11, 2025
Mon, February 10, 2025
Sun, February 9, 2025
Fri, February 7, 2025
Thu, February 6, 2025
Tue, February 4, 2025
Mon, February 3, 2025
Sat, February 1, 2025
Fri, January 31, 2025
Thu, January 30, 2025
Wed, January 29, 2025
Tue, January 28, 2025
Mon, January 27, 2025
Fri, January 24, 2025
Thu, January 23, 2025
Tue, January 21, 2025
Mon, January 20, 2025
Sun, January 19, 2025
Thu, January 16, 2025
Fri, January 10, 2025
Thu, January 9, 2025
Wed, January 8, 2025
Tue, January 7, 2025
Mon, January 6, 2025
Fri, January 3, 2025
Thu, January 2, 2025
Wed, January 1, 2025
Mon, December 30, 2024
Thu, December 26, 2024
Tue, December 24, 2024
Tue, December 17, 2024
Mon, December 16, 2024
Wed, December 11, 2024
Mon, December 9, 2024
Fri, December 6, 2024

View | India's CBDC Journey: Lessons from global setbacks and why it still has the potential to succeed


Published on 2025-03-29 16:20:52 - cnbctv18
  Print publication without navigation

  • CBDC should work within UPI, not as a separate system. If Digital Rupee is just another option on the same app people already use, adoption will happen naturally, suggests Polygon Labs' Aishwary Gupta.

The article from CNBC TV18 discusses the potential of India's Central Bank Digital Currency (CBDC) despite global setbacks. Polygon Labs, a blockchain technology firm, believes that India's CBDC has the potential to succeed due to several factors. Firstly, India's large and digitally savvy population provides a fertile ground for digital currency adoption. Secondly, the country's robust digital infrastructure, including the Unified Payments Interface (UPI), could facilitate the integration of CBDC. Polygon Labs highlights that while there have been challenges and skepticism regarding CBDCs globally, India's approach, which includes pilot programs and a focus on enhancing financial inclusion, could set a precedent. They also mention the importance of interoperability with existing financial systems and the potential for CBDC to reduce costs and increase efficiency in transactions. However, the article also notes that the success of CBDC in India will depend on addressing privacy concerns, ensuring security, and managing the transition from traditional currency to digital forms effectively.

Read the Full CNBCTV18 Article at:
[ https://www.cnbctv18.com/business/finance/cbdc-india-global-setbacks-potential-to-succeed-polygon-labs-19581668.htm ]