Using e-INR or e-Rupee Business Tycoon Anand Mahindra buys fruits from a street vendor

Using e-INR or e-Rupee Business Tycoon Anand Mahindra buys fruits from a street vendor 

He posted a video that promoted "Digital India” on Twitter

 
e rupee

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.


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. 


 

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