In India, they are going to launch state digital currency for interbank borrowings – Bits Media

Reserve Bank of India (RBI) announced plans to issue a state digital currency for operations between legal entities in the market of funds on demand.

The representative of the Indian Central Bank announced, that RBI plans to go out with a proposal to create a digital I rush, which will be used by financial institutions as a calculation tool, and also allow you to repay short -term loans and take loans.

RBI noted, that introduction to the circulation of wholesale CBDC will simplify and modernize the process of short -term borrowing and lending among banks. RBI vision is, that CBDC supplements traditional forms of money transfers and calculations, leading to a significant acceleration of interbank payments.

Previously managing the reserve bank of India Shaktikant Das (Shaktikanta das) He performed
At the G20 TechSprint event, where he said, that thanks to the widespread introduction of state stabiblcoins, international payments can become safer, Fast and economical.