Quote from: Bureau on Today at 10:11:07 AM

Quote from: TheUltraElite on January 06, 2024, 05:42:49 PM

I guess their promotional logic is that if CBDC is made popular the use of crypto will reduce. But when I already have the UPI why will I use the CBDC? They are going to come up with more offers and promotions - but question is for how long they can sustain this? It will be a poorly managed ecosystem where only promos run the transactions.

That is the point why would anyone move from UPI to digital rupee? Promotion and making the mandatory requirements of its usage with employees of the bank won't help in the long term. There should be a valid reason to use it, which is not available as per my understanding.

That's right. There should be a purpose to use the app. UPI solved the problem of micro transactions and provided ease of convenience for money transfers.
ERupee is not doing anything different and so the chances are that it will not become as successful as UPI did.
That is the reason why the government is planning to merge UPI and eRupee. Don't know how that's gonna workout in the future.

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Quote from: cafter on Today at 08:56:48 AM

it is also possible that they have just lied about it..? but it can be possible because this app is already got downloaded by 500k+ users on play store, that too be only by SBI bank's app.

This might be off-topic since it is related to SBI, but I am sharing it here. Recently a group of scammers were caught in a small village in Tamil Nadu. They were running a SBI bank branch, but they got caught because the villagers felt they were too polite to be employees of SBI. So, they went and reported it to the local police station and that's how these guys were caught.

The SBI app getting downloaded by 500+ users is very suspicious to me. They have one of the worst UI in apps, have you tried using the YONO app? Nothing works on that app as they claim.

Lol

, I read this news and fell on the floor laughing because of the reason how the fraudsters got caught.
Too polite ? Lol.