India to test e-rupee as Bitcoin and Ethereum threaten supremacy of the Central Bank

  • India joins the bandwagon as it plans to roll out its Central Bank Digital Currency this year.
  • The Reserve Bank of India released a 50-page paper on Friday about the prospects of a digital Rupee being an alternative to cryptocurrencies.
  • With government-backed currencies launched to replace Bitcoin and Ethereum, analysts review the prospects of an e-rupee alongside BTC in India.