Uptake in rural and urban areas with little or no internet connectivity could be boosted by introducing offline solutions.
Reserve Bank of India (RBI) Governor Shaktikanta Das said the central bank will explore offline solutions to boost the adoption of its central bank digital currency (CBDC), the digital rupee, in remote areas of the country with limited internet access.
Several offline solutions, including proximity and non-proximity-based solutions, will be evaluated in hilly, rural and urban environments to achieve this aim, according to the Press Trust of India. During a Monetary Policy Committee review meeting on Feb. 8, the RBI governor said:
On the programmability front, Das said the CBDC system currently enables person-to-person (P2P) and person-to-merchant (P2M) transactions using digital rupee wallets provided by pilot banks.
