IndusInd Bank leads first RBI programmable CBDC pilot with $5m disbursement to farmers
IndusInd Bank today marked a significant milestone as the first bank to execute the Reserve Bank of India’s programmable Central Bank Digital Currency (CBDC) pilot. The project, in collaboration with Circularity Innovation Hub India Private Limited (CIH), involved the disbursement of programmable CBDCs to 50 farmers in the Ratnagiri district of Maharashtra, aimed at generating […]