Join Our 800,000+ Community
The Reserve Bank of India has announced that the country plans to launch a central bank-backed digital currency with the Indian Rupee. The country has had a mixed history with cryptocurrency, but has been a bit more favorable in recent times.
Central bank backed currency (CBDC) is a legal tender issued by a Central Bank in digital form. It is the same as fiat currency and is able to be swapped 1-1 between digital and fiat.
Regardless of the price actions, the sentiment remains positive for crypto currency as we see large economic powerhouses adopt the space in some form or another. There are over 10 countries around the world that now have digital currencies or will have them in the near future.
Investment Associate | Ember Fund
Thank you for reading!
Don't forget to come into the app tomorrow to continue learning about crypto!
October 03, 2023
The referral boost is now DOUBLED! Invite friends to mine Bitcoin at 2x the previous rate!
September 13, 2023
After the incredible success of our last giveaway, we're back with an even bigger 2 MILLION Sat giveaway! 🎉
September 09, 2023
It's time for the August 2023 Recap Newsletter! Here are the product highlights and milestones from the past month.