Uptake in hilly, rural and urban areas with little or no internet connectivity could be boosted with the introduction of offline solutions.
Reserve Bank of India (RBI) Governor Shaktikanta Das said the central bank will explore offline solutions to boost adoption of its central bank digital currency (CBDC) – the digital rupee – in remote areas of the country with limited internet.
Several offline solutions, including proximity and non-proximity-based solutions, will be evaluated in hilly, rural, and urban environments to achieve this aim, reported the government press body PTI.
On the programmability front, Das said that currently, the CBDC system enables person-to-person (P2P) and person-to-merchant (P2M) transactions using digital rupee wallets provided by pilot banks.
