Oh digital rupee is already live!?

[Bitcoin Smith]

As of now none of the vendor accept it or I can use it for sending money to anyone. It is better to wait for it to be made accessible to everyone for regular usage.

You can't find merchant which is true but that how UPI used to be when it was launched but when Google Pay formerly called TEZ came to market and changed everything now even road side pani puri bhaiya have QR code to accept UPI payments.

You can send erupee to anyone if they have erupee wallet but as I said it may take few more years and if government start promoting it then it has potential to grow.

[1715090379]

1715090379

[1715090379]

1715090379

[1715090379]

1715090379

[TheUltraElite]

You can't find merchant which is true but that how UPI used to be when it was launched but when Google Pay formerly called TEZ came to market and changed everything now even road side pani puri bhaiya have QR code to accept UPI payments.

You can send erupee to anyone if they have erupee wallet but as I said it may take few more years and if government start promoting it then it has potential to grow.

Comparing Google to Indian government? That is a way longshot comparison to make.

However I might be proven wrong and you might end up being correct. But with the UPI system being already popular, I dont see how a e-Rupee is able to take over and squish in between. Maybe its targeted at the crypto users, but do that group care? I think not. They will use UPI for fiat payments and continue using crypto.

[Bitcoin Smith]

You can't find merchant which is true but that how UPI used to be when it was launched but when Google Pay formerly called TEZ came to market and changed everything now even road side pani puri bhaiya have QR code to accept UPI payments.

You can send erupee to anyone if they have erupee wallet but as I said it may take few more years and if government start promoting it then it has potential to grow.

Comparing Google to Indian government? That is a way longshot comparison to make.

However I might be proven wrong and you might end up being correct. But with the UPI system being already popular, I dont see how a e-Rupee is able to take over and squish in between.

Not literal comparison but BHIM launched way before Google pay came into the market but it's just not promoted in the right way by the government and these tech companies saw the opportunity to fill in the void and swooped in to Indian market.

Now the situations changed and every bank has their own UPI app so does erupee app too that means bank also will encourage their users to use it.

[libert19]

You can't find merchant which is true but that how UPI used to be when it was launched but when Google Pay formerly called TEZ came to market and changed everything now even road side pani puri bhaiya have QR code to accept UPI payments.

You can send erupee to anyone if they have erupee wallet but as I said it may take few more years and if government start promoting it then it has potential to grow.

Comparing Google to Indian government? That is a way longshot comparison to make.

However I might be proven wrong and you might end up being correct. But with the UPI system being already popular, I dont see how a e-Rupee is able to take over and squish in between.

Not literal comparison but BHIM launched way before Google pay came into the market but it's just not promoted in the right way by the government and these tech companies saw the opportunity to fill in the void and swooped in to Indian market.

This. If digital rupee is given right ui/ux, promoted right way. Given offers to use, which most of Indian population is mad after, I don't see reason why it wouldn't get popular.

[pakhitheboss]

This. If digital rupee is given right ui/ux, promoted right way. Given offers to use, which most of Indian population is mad after, I don't see reason why it wouldn't get popular.

We might see another global pandemic on its way from the same country where COVID-19 started. If that happens then the government won't be required to promote digital rupee as it will get the same response as UPI did in the past. The CBDC in China has less use locally but has a lot of use for international payments and big business transactions. I think the path forward for our CBDC will be the same or if UPI does not remain free then CBDC transactions will take a big leap in our economy for sure.

[TheUltraElite]

This. If digital rupee is given right ui/ux, promoted right way. Given offers to use, which most of Indian population is mad after, I don't see reason why it wouldn't get popular.

The BHIM UI is clunky enough, but the Indian government employed devs are capable of doing much better had they been given better payments. Still I agree that with a proper UI it can go far. #PayTheDevs 

We might see another global pandemic on its way from the same country where COVID-19 started. If that happens then the government won't be required to promote digital rupee as it will get the same response as UPI did in the past. The CBDC in China has less use locally but has a lot of use for international payments and big business transactions. I think the path forward for our CBDC will be the same or if UPI does not remain free then CBDC transactions will take a big leap in our economy for sure.

Lets hope that does not happen in reality, one pandemic every century is enough to wipe out and entire nation, thanks to the development in science this one could be controlled within a couple of years.

I was not aware of CBDC in China, but if their CBDC is involved with international transactions and watching our PM be in "flight mode" resumption after the pandemic here, possible they will try to replicate the same here and are involved in talks about the same.

[Bitcoin Smith]

I was not aware of CBDC in China, but if their CBDC is involved with international transactions and watching our PM be in "flight mode" resumption after the pandemic here, possible they will try to replicate the same here and are involved in talks about the same.

China launched their CBDC in 2020 itself, and they are way different from democratic so they can implement what they want and people will be left with no other options, but India is democratic, and they need to take diplomatic approach no matter what are the changes are being implemented but if It's for good then people will welcome it.

@pakhitheboss, how exactly the CBDCs are used for international trades? They are doing trades with Russia using Yuan and I don't know which other countries are accepting yuan for cross border trades.

[pawanjain]

I have received mails for trying out Digital Rupee from multiple banks but I guess the apps are not mature enough yet.
Although they have launched the feature but the accessibility is very limited and that's fine.
While the technology is live, it will take time to reach a bigger audience just like bitcoin.
To be honest, we have to give it enough time for it to become more mature for the real world.