Billionaire industrialist Anand Mahindra has experienced the digital Rupee (e₹) in action, after learning about it at a recent Reserve Bank of India (RBI) board meeting. Mahindra took to Twitter to share his experience, stating “Right after the meeting, I visited Bachche Lal Sahani, a nearby fruit vendor who is one of the first merchants to accept it. Digital India in action!”
Mahindra shared a video of his transaction with the fruit vendor, which shows a QR code for e₹ transactions being used by the vendor. This new digital currency, e₹, is an initiative by the Reserve Bank of India to promote digital transactions and make them more accessible to citizens. This move is aimed to promote digital transactions and ease the process of transactions.
The video shared by Mahindra shows the ease and convenience of using the digital Rupee, with the transaction taking place quickly and smoothly. Mahindra’s tweet highlights the potential of the digital Rupee to promote digital transactions and bring about a cashless economy in India.
As more and more merchants begin to accept e₹, it is likely that more and more citizens will begin to use the digital currency for their transactions. The move towards a cashless economy is expected to bring about several benefits, such as increased transparency and accountability in transactions, and a reduction in the costs associated with handling cash.
As the adoption of digital currency continues to grow, it is expected that it will become more prevalent and accessible, promoting a more efficient and convenient financial system for all citizens.
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