– India is working towards building its own Central Bank-backed Digital Currency (CBDC).
– The adoption of a digital rupee in India’s cash-oriented economy is being explored.
– The deployment of 5G technology can enhance peer-to-peer transactions with the digital rupee.
– The banking industry’s focus should be on data and client privacy.
– Blockchain technology can provide transparent and secure transactions.
– Fake currency is a significant economic security risk in India.

– “The Impact of CBDC on India’s Economy: A Future Ready Banking Solution”
– “Exploring the Potential of Digital Rupee in India’s Cash-Oriented Economy”
– “5G and the Evolution of Peer-to-Peer Transactions with Digital Rupee”
– “Cryptocurrency: Enhancing Digital Payments and Financial Inclusion in India”
– “The Role of Blockchain and Cryptography in Secure and Trustworthy Transactions”

– Paper reviews existing digital finance research and developments worldwide.
– Digital finance is important in modern finance and has various applications.
– International determinants of digital finance include efficiency, financial inclusion, and payments.
– Fintech and mobile money industries are major beneficiaries of digital finance investments.
– Future of digital finance is personalized financial products on a single platform.
– Areas for future research include regulation, security, bias, and risk management.

– Paper discusses India’s plan to implement Central Bank-backed Digital Currency (CBDC).
– Highlights the challenges and readiness of India’s economy for digital rupee.
– Finds the potential of blockchain technology and 5G in enhancing transactions.
– Mentions the use of blockchain in Indian public sector activities.
– India aims to establish itself as a digital economy with the digital rupee.

– India prioritizes cash and financial institutions in its business model.
– FinTech industry needs a detailed plan to achieve its economic goals.
– Cryptocurrency has emerged as a remarkable financial form in recent years.
– India has embraced cryptocurrency in industries like insurance, banking, and finance.
– The Indian government plans to build a digital rupee by 2023.

– Contributes to the literature on the role of internet and digital technology in finance.
– Contributes to the financial innovation literature by showing the reliance on digital technology.
– Contributes to the digital finance literature by providing a futurist review and making predictions.

– Vulnerability to cyber-attacks and scams in areas with low financial literacy.
– Dependence on high-speed internet and telecommunication networks for implementation.
– Limited reach and adoption in underdeveloped areas, exacerbating existing inequities.

– The paper discusses the need for a digital rupee in India’s cash-oriented economy.
– It highlights the challenges and readiness for adopting a digital rupee.
– The deployment of 5G technology and its potential for enhancing peer-to-peer transactions.
– The use of blockchain technology in various sectors in India.
– India’s goal to establish itself as a digital economy through the development of a digital rupee.

– Conducted a search on Google Scholar search engine
– Reviewed studies in the post-2010 digital finance literature
– Summarized the findings of post-2010 digital finance research

– Digital finance is an important part of modern finance.
– Major applications of digital finance include Fintech, embedded finance, open banking, and decentralized finance.
– Digital finance can increase financial inclusion and expand financial services.
– Digital finance research is growing fast and relevant for policy and practice.
– Fintech and mobile money industries are the largest beneficiaries of investments in digital finance.
– The future of digital finance is to create a customizable and personalized digital platform.
– Areas for future research include regulatory adaptation, user information security, and algorithmic bias.

– The paper discusses the tokenization of various types of assets.
– It explores the concept of a tokenized capital markets trading platform.
– The paper emphasizes the benefits of tokenization, such as increased liquidity and fractional ownership.
– It highlights the potential for a more democratized global investment market.

– India is considering creating a digital currency called Central Bank-backed Digital Currency (CBDC).
– The use of blockchain technology ensures secure and transparent transactions.
– The adoption of a digital rupee can save costs associated with printing and delivery of physical currency.

– India is moving towards a more digital economy.
– Implementation of digital rupee requires proper planning and risk analysis.
– CBDC provides an opportunity to trace the movement of funds.
– India needs more preparation to present its financial model as 3Cs.
– Blockchain technology can be utilized in various sectors in India.
– Introduction of digital rupee can save costs of printing and delivery.
– Focus on data and client privacy is important for the banking industry.
– CBDC investigations will provide insights for the study of digital money in India.


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