20 years ago, we would have scoffed at the idea of a digital currency. What was this intangible thing that could not be stuffed in pillows and under mattresses or stored away in the safe? In the 2000s, we were just about getting comfortable with the idea of credit cards, a unified payments interface was not even a nebula of a thought in the mind of some innovator, while digital currencies were fantasies at best. However, the fast-paced rate of digital adoption across geographies has catapulted us to today when India is trying out its digital rupee.
The blockchain technology supporting CBDC will seem mind-blowing to many but it’s an innovation whose time has come. Today, growth, development, transaction, and communication all rely heavily on digital tools. Digitization is that one revolution that has conquered almost all even in the face of the obstacle of naysayers. The inexorable force of digitization couldn't be ignored or fended off. And we are much stronger as a civilisation because of it, as digitization continues to mould economies.
Esta historia es de la edición December 03,2022 de Millennium Post Delhi.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición December 03,2022 de Millennium Post Delhi.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Captaincy is probably the hardest thing for Bumrah
Australian batting great Ricky Ponting has backed Jasprit Bumrah to shoulder the dual responsibility of spearheading the Indian pace attack as well as leading the team if Rohit Sharma misses the opening Test of the Border-Gavaskar Trophy in Perth.
PCB gets mail from ICC on India's unwillingness to tour Pak
Pakistan Cricket Board chairman Mohsin Naqvi on Sunday initiated talks with senior government officials to discuss future course of action after ICC conveyed to PCB about India's unwillingness to tour the country for next year's Champions Trophy.
India look to defend title on home soil
WOMEN'S ACT HOCKEY
Gritty Odisha FC hold Mohun Bagan SG to a 1-1 draw in ISL
Odisha FC will face Hyderabad FC on November 25, while Mohun Bagan Super Giant will take on Jamshedpur FC on November 23
Coco Gauff's WTA Finals title ends her season with $4.8 million check, big turnaround
Gauff wins the title for the first time by rallying to beat Zheng Qinwen
Pakistan beat Australia by 8 wickets to clinch 3-game ODI series
Pakistan achieved its first win over Australia in a 50-overs series in Australia since 2002 when it won the deciding third one-day international Sunday by eight wickets.
Chakravarthy's magical fifer goes in vain as SA register three-wicket win
SECOND T20I
Fritz downs Medvedev in opening ATP Finals clash
U.S. Open finalist Taylor Fritz benefitted from a questionable serving decision by Daniil Medvedev and frustrated his opponent so much that the Russian broke his racket and was docked a point in a 6-4, 6-3 victory for the American in the opening match of the ATP Finals on Sunday.
Mcap of 6 of top-10 cos fall ₹1.55 lakh cr
The combined market valuation of six of the top-10 most-valued firms eroded Rs 1,55,721.12 crore last week, with Reliance Industries emerging as the biggest laggard, in line with an overall weak trend in equities.
AI to remain only full service carrier after Vistara merger
Since the merger of FSC Indian Airlines with Air India in 2007, at least five FSCs dotted the Indian skies
