The first pilot of the Digital currency, the Digital Rupee (e₹) will commence on November 1.
This will be the first-ever launch of the e-currency and it will be for the wholesale segment.
RBI revealed that the pilot launch of the Digital Rupee (e₹) is for specific use cases.
RBI believes that e₹ is easier, faster, and cheaper
The pilot for the Retail segment is planned for release within a month.