What is Wholesale (CBDC-W)?


Wholesale (CBDC-W)

The main users of wholesale CBDCs would be banks and other financial organisations. The use of CBDCs would allow banks to make payments in a quicker and more automated manner. Payment settlement systems now operate in a single jurisdiction or with a single currency. Using blockchain technology might make transactions faster, smoother, and more trustworthy.

Notes: Wholesale (CBDC-W) type Central Bank Digital Currency which  was the first pilot in the Digital Rupee, Wholesale segment shall commence on November 1, 2022," the RBI said in a statement on 'Operationalisation of Central Bank Digital Currency-Wholesale (e ₹-W) Pilot'.



Related Topics
=> Explained: What is Digital Rupee?
=> What are different types of CBDC?
=> What is Retail (CBDC-R)?
=> What is Wholesale (CBDC-W)?
=> What is Advantages and disadvantages of CBDC?
=> Which Bank identified for participation in digital rupee’s wholesale pilot ?
Related Topics
=> Explained: What is Digital Rupee?
=> What are different types of CBDC?
=> What is Retail (CBDC-R)?
=> What is Wholesale (CBDC-W)?
=> What is Advantages and disadvantages of CBDC?
=> Which Bank identified for participation in digital rupee’s wholesale pilot ?

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