Anand Mahindra made his first electronic rupee payment, shared the video of the purchase

The Central Bank Digital Currency (CBDC) has been launched in the country. The Reserve Bank of India (RBI) has started the test of the e-rupee. The government hopes that e-Rupee will make payment systems more efficient and control money laundering. Mahindra Group Chairman Anand Mahindra also made his first successful transaction on E-Rupee and shared a video with people on social media.

Anand Mahindra has shared a video on his Twitter account, in which he pays a fruit vendor in electronic rupees. He said by mail that this was his first e-rupee payment. He also attended the Reserve Bank of India (RBI) board meeting on Wednesday to learn about this digital currency.

Mahindra wrote in his post: “Today at the RBI board meeting, I came to know about the e-Rupiah digital currency from @RBI. Immediately after the meeting, I met a nearby fruit vendor, Bache Lal Sahni, who agreed to take her in. One of the early traders .

The video clip posted by Mahindra on his Twitter account lasts for 1 minute and 4 seconds, in which the e-Rupee payment was made through a smartphone. According to her tweet, she had bought pomegranates from a fruit vendor. The video has been viewed 17 lakh times so far and has over 30 thousand likes.

Explain that banks participating in the e-rupee trial include State Bank of India (SBI), ICICI Bank, Yes Bank, and IDFC First Bank. There has been a rapid growth in UPI payments after the demonetization in the country. The digital rupee can also benefit from this. CBDC is a blockchain-based payment solution, controlled by the Central Bank. It works like cryptocurrencies, but unlike cryptocurrencies, CBDCs have no volatility or other risks.