Arijit Goswami

Innovation Manager at Capgemini

Message Posts: 1 Comments: 2

Bio Innovation Manager at Capgemini, driving and scaling innovation programs for 12 large banks in Asia Pacific to help them navigate their next. I am spearheading development of an ecosystem of Fintechs through meticulously designed incubation programs. Career History 7 years of experience in Financial Services industry, with MBA & Bachelor of Engineering.

Blogs

Cryptocurrency Insights

Why India’s CBDC may struggle to find adoption?

28 Feb 2023

India recently launched the digital version of its domestic currency, thereby embarking on its journey with Central Bank Digital Currency (CBDC). The “Digital Rupee” or “e-Rupee” had been made available for retail and wholesale use in December 2022 with hopes of adoption among the masses. However, the past two months have sufficiently proven that ...

See all Arijit's blogs

Arijit is Commenting on

Why India’s CBDC may struggle to find adoption?

True. For the use case you are mentioning, the transaction can happen without the need for commercial bank accounts. I agree.

02 Mar 2023 Reply Read article

Why India’s CBDC may struggle to find adoption?

Dear Mr. Swaminathan, Thank you for your feedback. I agree with your first point regarding cap on insurance, which I missed in my post. Regarding the 2nd point on the need for bank-linked account, currently a person can buy digital rupees from the four banks that the RBI has licensed. Therefore, to begin with the use of the digital currency, an account with those banks is required. One of the following two methods can be used to load money into the e-Rupee wallet: Fund transfer from your linked account in the select bank Fund transfer from various UPI apps This implies bank acconts will be required, since.both alternatives are connected to having an account in the select banks.

02 Mar 2023 Reply Read article