Sachin Salunkhe Discusses RBI's CBDC, Highlighting Its Potential To Transform India's Payment Systems And Combat Black Money | Paisa Live

Sachin Salunkhe, a fintech expert, discussed the implications of the Reserve Bank of India's (RBI) Central Bank Digital Currency (CBDC) during a recent interview on Paisa Live. Salunkhe highlighted that the CBDC aims to modernize India's payment systems and reduce dependence on foreign currencies. He emphasized that the RBI controls the CBDC, unlike privately owned cryptocurrencies. Salunkhe noted that this digital currency could help trace and regulate money flow, combating black money and financial issues. Furthermore, he explained that CBDC transactions would not involve third-party systems, ensuring efficiency and security. Salunkhe is optimistic about the CBDC's potential to revolutionize financial transactions in India and enhance global connectivity.