RBI to study blockchain technology to curtail paper currency

Save Bank of India Deputy Governor H R Khan today said the national bank may soon set up a board of trustees to think about the utilization of "Blockchain" innovation to lessen the utilization of paper money. "Blockchain is one thing that has left Bitcoin which gives a great deal of adaptability as far as monetary exchanges.

Along these lines, we have to consider... how this Blockchain innovation can be utilized as a part of money related exchanges where the whole information frameworks move to some more levels," Khan told journalists at an occasion composed by the Institute for Development and Research in Banking Technology (IDRBT).

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