Reliance Retail Becomes India’s First Retailer To Begin Accepting Digital Rupee

Reliance Retail Becomes India’s First Retailer To Begin Accepting Digital Rupee

Daily Current Affairs / Reliance Retail Becomes India’s First Retailer To Begin Accepting Digital Rupee

Change Language English Hindi

Category : Business and economics Published on: February 07 2023

Share on facebook

Reliance Retail has become India’s first retailer to begin accepting the Digital Rupee.
Reliance has started accepting digital currency at its Freshpick stores in Mumbai.
It will soon accept the Digital Rupee at its 17,000 stores across 7000 cities and towns in India.
The Digital Rupee is India’s Central Bank Digital Currency (CBDC). It is a tokenized form of the Indian rupee, and uses blockchain technology to operate.
The Digital Rupee is already being used for interbank transfers, and is also being piloted among small retailers in several cities in India.
To launch in-store support for the digital rupee, Reliance Retail has partnered with ICICI Bank, Kotak Mahindra Bank and Fintech Company Innoviti Technologies.

Recent Post's

R. Praggnanandhaa wins UzChess Cup Masters 2025 and becomes top-ranked Indian chess player.
Read More....
Meesho gets shareholder approval to raise ₹4,250 crore via IPO after shifting domicile to India.
Read More....
IPS officer Parag Jain appointed new RAW chief; played key role in Operation Sindoor.
Read More....
ICC updates powerplay rules for shortened T20 matches effective from July 2025.
Read More....
Power Ministry forms task force to develop 'India Energy Stack' for digital power infrastructure.
Read More....
MNRE issues revised guidelines for Biomass Programme to promote clean energy adoption.
Read More....
CBSE to hold Class 10 board exams twice a year from 2026 session; first phase mandatory, second optional.
Read More....
NATO agrees to increase defence spending target to 5% of GDP by 2035 at The Hague summit.
Read More....
India and South Africa sign agreements on submarine cooperation during defence talks.
Read More....
Odisha wins women’s title in first Hockey India Masters Cup; Tamil Nadu enters men’s final.
Read More....