JPMorgan on India's Blockchain and CBDC Future

JPMorgan on India's Blockchain and CBDC Future

Naveen Mallela, global co-head of Onyx, JPMorgan’s blockchain and digital currency division, highlighted the fast-growing adoption of blockchain technology in India, especially following the introduction of the central bank digital currency (CBDC), the e-rupee, in 2022. He pointed out that CBDCs mark a major step forward for payments in India, serving as the next phase in the development of the Unified Payments Interface (UPI), which has already...

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