How can India's cdbc be used in the world of digital currencies?

3 answers

• Mar 06, 2022 · 3 years ago
  India's CBDC can be used to facilitate faster and more secure cross-border transactions, reducing the need for intermediaries and lowering transaction costs. It can also provide financial inclusion to the unbanked population by offering them a digital currency alternative. Additionally, the CBDC can be integrated with smart contracts to enable programmable money and automate various financial processes.
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• Mar 06, 2022 · 3 years ago
  With India's CBDC, the government can have better control over the monetary system, allowing for more effective implementation of monetary policies. It can also help in reducing tax evasion and money laundering by providing a transparent and traceable digital currency system. Moreover, the CBDC can promote financial innovation and foster the development of new digital currency-based services and products.
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• Mar 06, 2022 · 3 years ago
  BYDFi, a leading digital currency exchange, believes that India's CBDC can revolutionize the digital currency landscape. With the integration of CBDC into the global digital currency ecosystem, users can enjoy seamless and instant transactions, enhanced security, and improved liquidity. The interoperability of India's CBDC with other digital currencies can also foster global financial integration and facilitate cross-border trade and investment.
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