Part 3/10:
India's Accelerated CBDC Implementation
One of the most notable recent developments is India's rapid progress in deploying its CBDC, the digital rupee. Earlier this month, India announced the rollout of CBDC support at a major grocery chain—marking a significant step toward familiar everyday use. The grocery store began accepting the digital rupee via QR codes—an accessible and widespread technological channel—allowing consumers to pay digitally for essential goods like food.
Key Points About India's CBDC Rollout
- Wide consumer impact: Since food purchasing is a necessity, this move guarantees exposure to a broad demographic.