How digital currency as a new technology is evolving and it is good
TCS, Tech Mahindra,, and LTI have been long working on developing a strong portfolio of emerging technology solutions. The government announced the launch of Central Bank Digital Currency (CBDC) in 2022-23 and the possibility of the currency running on blockchain technology has enthused top Indian IT companies. IT majors, including Tata Consultancy Services (TCS), Tech Mahindra,, and Larsen,, and Toubro Infotech (LTI), have been long working on developing a strong portfolio of emerging technology solutions such as blockchain. This strategic announcement made, along with a few others during the Budget session on Tuesday by the government, will see likely bids from the IT majors. “The government’s initiative to create a Digital Rupee is an exciting, forward-looking development. In our view, this will not be about just a single digital currency project but a series of initiatives that will help build a digital financial ecosystem, digital wallets, and instant payments solutions. As a...