Know what is e-Rupee?

Know what is e-Rupee?

E-Rupee is a form of digital currency that is used in online transactions. It is a virtual currency that is not tied to any physical currency.

Money is the lifeblood of society, without which it is difficult to leave the house. Whether it is to add grains to the stomach or clothes. Nothing is possible without money. That’s why we need money when we leave home. That’s why we don’t forget to take notes with us. If you go out now, you don’t have to take money. Because RBI has launched digital rupee.

So let’s find out what this e-currency is…

As we use notes. Where does that money come from? That money comes from RBI. RBI has created a new app called the digital rupee. With this app, we no longer have to go to the bank. We can simply download the app and use it to transfer money to others or to ourselves. This app is convenient and easy to use.

This app will have blockchain technology. It will allow you to create your own wallet, similar to how crypto wallets work.

E-rupee is a new digital currency that is being introduced by the Reserve Bank of India. This currency will be available through the RBI’s new mobile app. The app will provide photos of the currency notes, so that you can ensure that you are using the correct note.

Digital currency will be just like cash, only better! You can transfer money between phones by scanning a QR code, and each note has its own unique number. This means that you can use digital currency for all your transactions, just like you used to use cash. So why not make the switch today ?

However, it costs RBI 3 to 4 rupees to print each note. Along with that, the cost of transportation is also there. However, last year i.e. in 2021-22, RBI had to spend 5 thousand crore rupees only for printing notes. By using e-Rupee these expenses will no longer be incurred. When you find the photo in the notes area, it will be an image of your loved ones .

Digital currency service has been started in 4 cities of India. These cities are Mumbai, Delhi, Bengaluru and Bhubaneswar. The digital currency that is being used is called E-Rupee. This currency will soon be launched in other cities of India. The use of digital currency will make e-transactions even more convenient.

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