India's digital currency, the e-rupee, has experienced a significant decline in transactions after reaching its initial central bank target. Four sources indicate that the usage of the e-rupee has dropped to just a tenth of its peak in December. This decline reflects the struggles faced by several countries in sustaining digital currency adoption. The sharp decrease in activity is attributed to local banks ceasing to artificially inflate the currency's metrics.
India's #DigitalRupee Usage Drops Drastically After Initial Surge #NewsBytes https://t.co/cDZJZEyTY8
#DigitalRupee #transactions slump after reaching initial #RBI target https://t.co/8he8U7UOpy
India's digital currency, known as the e-rupee, is experiencing a sharp decline in activity after local banks ceased artificially inflating its metrics https://t.co/0RDROIzlg7
India digital currency transactions slump after reaching initial https://t.co/RRbOJrUs08 target, sources say https://t.co/IrVE3p5iGn https://t.co/7Hm0sVwYW3
India digital currency transactions slump after reaching initial central bank target, sources tell @kalrajs23 @Reuters https://t.co/AjNZG0RWHt
🔵 INDIA DIGITAL CURRENCY TRANSACTIONS SLUMP AFTER REACHING INITIAL CENTRAL BANK TARGET, SOURCES SAY Usage of India's digital currency, the e-rupee, has slumped to just a tenth of the peak hit in December, four sources said, reflecting the struggles several countries have… https://t.co/NYzlg3vq6O