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Representative image. The Reserve Bank of India (RBI)’s Central Bank Digital Currency (CBDC) may turn out to be the only long-term digital transaction to remain free of cost, with enhanced security compared to other forms of digital assets, said several payment industry bodies and fintech start-ups amid the launch of the first pilot for the retail digital Rupee starting December 1. While wholesale CBDC, i.e., e₹-W, is for select financial institutions to use for interbank transfers, retail CBDC, i.e., e₹-R is for businesses and individuals for use in peer-to-peer (P2P) and person-to-merchant (P2M) payments. "Retail CBDC will be a game changer. While the Unified Payments Interface (UPI) provides the features of fund transfer, this can become 100X bigger since it replaces cash transactions with digital currency directly issued by the RBI,” said Navin Surya, Non-Executive Chairman of the Fintech Convergence Council of India. In terms of user experience, the digital currency … [Read more...] about Hard cash, made easy | Digital Rupee will enhance financial inclusion: Fintech industry

Share to Twitter Share to Linkedin It's that time of the year again when iRobot begins its full court holiday press and you start seeing ads and deals to sway you into inviting one of their handy robovacs into your home. Except if you're avoiding having Amazon products in your home, that poses a major problem. Roomba was acquired by Amazon earlier this year. Luckily, there are tons of other robovacs on the market, some of which work even better than the ubiquitous Roomba. As robovacs have evolved, there's more competition in the upper echelon of the market. We're talking robot vacuums that also mop and empty themselves and clean their own mops. But there's a dirty truth when it comes to robovacs. For as many good ones as there are on the market, there are a dozen more copycats, just looking to cash in with a similar form factor or name. These three bots weren't chosen at random but, instead, come from reputable companies with a proven track … [Read more...] about Hands-On With 3 Roomba Alternatives To Gift This Holiday Season