Industrialist Anand Mahindra purchases fruits with India's new digital currency, the e-rupee. Anand Mahindra posted a video on Twitter explaining the functioning of the e-rupee. He said that during a Reserve Bank of India board meeting, he had learnt how to use the rupee (RBI). He posted a video that promoted "Digital India” on Twitter.
The first person to accept the e-rupee is a local fruit vendor named Bachche Lal Sahani. The industrialist used digital rupee to purchase pomegranates. He went to the Reserve Bank of India meeting and as soon as he understood how it worked, he went to a fruit vendor to test the currency.
At the Reserve Bank’s board meeting today I learned about the @RBI digital currency-the e-rupee. Right after the meeting I visited Bachche Lal Sahani, a nearby fruit vendor who is one of the first merchants to accept it. #DigitalIndia in action! (Got great pomegranates as well!) pic.twitter.com/OxFRWgI0ZJ— anand mahindra (@anandmahindra) January 25, 2023
On December 1, 2022, RBI began the pilot test for the e-rupee, its first digital currency. A digital token that stands in for Indian currency is called e-INR. The Central Bank will issue electronic money in the same denomination as current paper money coins and notes.
Digital platforms on your mobile phones will be able to track your transactions since the e-INR payments will be channelized using digital payment apps.