Taking the first step towards having a digital currency in the country,
Prime Minister Narendra Modi will launch an electronic voucher based digital payment system “e-RUPI” Monday.
The platform which has been developed by the National Payments Corporation of India (NPCI), Department of Financial services, Ministry of Health and Family Welfare and the National Health Authority, will be a person-specific and purpose-specific payment system.
E-RUPI is a cashless and contactless digital payment medium, which will be delivered to the mobile phone of beneficiaries in from of an SMS string or QR code.
India government going to accept the cryptocurrency or blockchain technology? Drope your thinking?
Its not actually a cryptocurrency, just a payment mode using blockchain technology or even they can use others but its nothing different from their original fist currency nor going to be talked by other country. Did they launched the project for public? I don't think they made it because I don't see anything related to that on social media.
- India today is just flooded with options as well as asking for an urgent aid from neighboring countries, even more distant countries with stronger economies because they are so weak against the pandemic and their society has turned to hell in recent months, quite a sad picture for a country. Every day is a different emergency, the Indian government is probably also struggling and working with international organizations on vaccination, another type of payment is probably not their priority, this could be a small rumor
