RBI Governor Touts CBDC as Solution to 'High Cost, Low Speed' Cross-Border Payments

Reserve Bank of India’s (RBI) Governor Shaktikanta Das has touted Central Bank Digital Currencies (CBDCs) as a solution to 'high cost, low speed' cross-border payments. 
In a recent keynote address at the G20 TechSprint Finale 2023 in Mumbai, RBI Governor emphasized the potential of CBDCs to revolutionize the international payment landscape, addressing issues such as high costs, slow transaction speeds, limited access, and insufficient transparency....
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