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RBI discusses digital currency and the launch of CBDCs, which will have little effect on monetary policy.

The Reserve Bank of India (RBI) believes a fundamental central bank digital currency (CBDC) system must be implemented first and thoroughly tested to minimize the impact on the country's monetary policy and banking sector. The Indian central bank sees various advantages to introducing a digitized rupee, including "the potential to increase the effectiveness of cross-border payments."

Palau joins forces with Ripple to develop its own digital currency.

The Republic of Palau has teamed with Ripple, a crypto solutions company based in San Francisco, to investigate the possibility of developing its own national digital currency. If all goes according to plan, the cooperation will first focus on establishing channels for cross-border payments that may be made possible by this digital currency backed by the US dollar. Ripple will assist Palau with technology, business, design, and policy issues as part of the agreement. Palau's government wants to provide consumers an alternative to bank currencies as well as increased financial access.

Nigeria’s eNaira digital currency is launched amid optimism, skepticism, and a great deal of uncertainty.

Nigeria became the first African country to create a digital currency, the eNaira, on Monday, claiming that the move will increase banking access, allow for greater remittances, and potentially grow the economy by billions of dollars.

Walmart Looking For A Cryptocurrency Lead In US

Walmart, the Retail chain behemoth, is on the lookout for a Digital Currency and Cryptocurrency Product Lead to establish the company's digital currency strategy and product roadmap.
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