Digital currency or rupee is an electronic form of money, that can be used in contactless transactions.

Digital currency or rupee is an electronic form of money, that can be used in contactless transactions.

Finance Minister Nirmala Sitharaman announced that the Reserve Bank of India (RBI) would be rolling out its digital currency soon

Finance Minister Nirmala Sitharaman announced that the Reserve Bank of India (RBI) would be rolling out its digital currency soon

central bank digital currency will give a big boost to the digital economy

central bank digital currency will give a big boost to the digital economy

Some people are getting confused between cryptocurrency and digital currency

Some people are getting confused between cryptocurrency and digital currency

So are they the same? What is the difference between the two?

So are they the same? What is the difference between the two?

The digital rupee will be the digital version of physical cash issued by the RBI

The digital rupee will be the digital version of physical cash issued by the RBI

cryptocurrencies are not backed by a government / central bank

cryptocurrencies are not backed by a government / central bank

A cryptocurrency is a decentralised digital asset and a medium of exchange based on blockchain technology.

A cryptocurrency is a decentralised digital asset and a medium of exchange based on blockchain technology.

cryptocurrencies are not backed by a government / central bank

cryptocurrencies are not backed by a government / central bank

The digital rupee will be different from Bitcoin, Ethereum and other cryptocurrencies in the sense it will be backed by the government

The digital rupee will be different from Bitcoin, Ethereum and other cryptocurrencies in the sense it will be backed by the government

Central Bank Digital Currency (CBDC) issued by the Reserve Bank of India (RBI) will be a legal tender in a digital form

Central Bank Digital Currency (CBDC) issued by the Reserve Bank of India (RBI) will be a legal tender in a digital form