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🇮🇳 INDIA’S DIGITAL RUPEE — A BIG GAME PLAN!
WHAT IS E-RUPEE?
↳ A government-backed digital currency
↳ Directly credited to wallets
↳ Can only be used at approved places
WHAT’S HAPPENING NOW?
↳ Pilot programs for farmers and food subsidies
↳ Goal: reduce middlemen and corruption
↳ 10 million users so far
BRICS PLAN
↳ India aims to build a system with other countries
↳ Goal: reduce dependence on the US dollar
PROBLEM
↳ UPI is massive ($300B/month)
↳ E-rupee is still small ($3.6B total)
↳ Competing with UPI is difficult
Will people adopt this new form of digital money — or ignore it?