{"id":114777,"date":"2022-09-09T12:12:43","date_gmt":"2022-09-09T06:42:43","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=114777"},"modified":"2022-09-09T12:12:44","modified_gmt":"2022-09-09T06:42:44","slug":"digital-currency-to-reduce-time-cost-for-cross-border-transactions","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/digital-currency-to-reduce-time-cost-for-cross-border-transactions\/","title":{"rendered":"Digital currency to reduce time, cost for cross-border transactions"},"content":{"rendered":"\n<p><strong>Digital currency to reduce time, cost for cross-border transactions:<\/strong> RBI Deputy Governor, T Rabi Sankar\u00a0has announced that, government will\u00a0launch Central bank digital currency (CBDC) by the end of 2022.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-september-2022\/\" target=\"_blank\" rel=\"noreferrer noopener\">September 2022 Current Affairs Quiz<\/a><\/p>\n\n\n\n<p>The RBI will&nbsp;launch digital currency on a pilot basis in 2022. In Budget for 2022-23, the finance minister had said the RBI would roll out a digital equivalent to the rupee.<\/p>\n\n\n\n<p>Benefit:&nbsp;CBDC could become a tool for reducing time and cost for cross-border transactions.<\/p>\n\n\n\n<p>Data Security Issue:&nbsp;They are keep working on it on a continuous basis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Digital currency to reduce time, cost for cross-border transactions: RBI Deputy Governor, T Rabi Sankar\u00a0has announced that, government will\u00a0launch Central bank digital currency (CBDC) by the end of 2022. September 2022 Current Affairs Quiz The RBI will&nbsp;launch digital currency on a pilot basis in 2022. In Budget for 2022-23, the finance minister had said the [&hellip;]<\/p>\n","protected":false},"author":894,"featured_media":114778,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4926],"tags":[74,4199,64],"class_list":["post-114777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-september-2022","tag-bank-current-affairs","tag-currency","tag-reserve-bank-of-india-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/114777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=114777"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/114777\/revisions"}],"predecessor-version":[{"id":114779,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/114777\/revisions\/114779"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/114778"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=114777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=114777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=114777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}