India’s RBI expands CBDC pilot, plans new digital rupee features
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: May 29 2025Expansion of CBDC Pilot: The Reserve Bank of India plans to broaden its Central Bank Digital Currency (CBDC) pilot for retail and wholesale segments, introducing new features and use cases while enhancing the financial ecosystem's transparency and customer service.
Successful Retail CBDC Adoption: As of May 2025, India's retail CBDC pilot has attracted over 6 million users and 17 banks, with companies like MobiKwik and CRED launching digital wallets for e-Rupee transactions, despite challenges such as privacy concerns and competition from cryptocurrencies.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
