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RBI announces offline transactions for Digital Rupee; here’s what new CBDC move means
Credit: IndiaTimes- Published on February 8, 2024
CBDCs enable instant and direct transactions between an Indian importer and an American exporter. The transaction is as final as if cash were exchanged, without relying on the US Federal Reserve system for settlement. Time zone differences no longer affect currency settlements, mitigating 'Herstatt' risk.