Home Gujarat Tests Digital Rupee for Food Distribution

Gujarat Tests Digital Rupee for Food Distribution

Share
News
Tokenized RWAs Rise 13.5% Amid $1T Crypto Sell-Off
Share

India has launched a pilot program in Gujarat to use the digital rupee for food distribution. The goal is to make the Public Distribution System faster, more transparent, and easier to use.

Under this program, people will receive digital vouchers directly into special wallets. These vouchers are issued as programmable digital rupees by the Reserve Bank of India. Beneficiaries can use QR codes at ration shops to buy food grains.

India’s food system supports more than 80 crore people, making it the largest in the world. The government intends to lessen issues like machine mistakes and biometric failures by implementing digital currency. Additionally, all transactions will be digitally documented, increasing openness.

The pilot has begun in a few Gujarati districts and might eventually spread to other areas. According to officials, this move will modernise welfare payments and streamline the system for business owners and families alike.

Share
Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

Leave a comment

Leave a Reply

Latest News

News
Hong Kong Grants First New Crypto License Since June

Hong Kong Grants First New Crypto License Since June

Hong Kong’s financial regulator has given approval to a new crypto trading platform. This is the first license granted since June last...

News
Wintermute Expands Into Tokenized Gold Trading

Wintermute Expands Into Tokenized Gold Trading

Crypto trading firm Wintermute has started offering tokenized gold trading to institutional investors. Tokenized gold is real gold represented as digital tokens...

News
Kalshi Faces Lawsuit In Nevada As CFTC Claims Exclusive Authority

Kalshi Faces Lawsuit In Nevada As CFTC Claims Exclusive Authority

Key Takeaways The legal fight between Nevada and Kalshi may shape the future of prediction markets in the United States. Nevada says...

News
Tokenized RWAs Rise 13.5% Amid $1T Crypto Sell-Off

Tokenized RWAs Rise 13.5% Amid $1T Crypto Sell-Off

Tokenised real-world assets are still increasing in value, despite the recent loss of almost $1 trillion in the value of the entire...

Latest Blogs

How To Analyze A Crypto Project Before Investing

In the rapidly changing world of digital assets, investing in a trade solely because of social media hype is a recipe for...

Exclusive Interview: John Dagostino on India’s Crypto Future

In a world where digital assets are quickly moving from the periphery of finance to the very heart of the global infrastructure,...

Bitcoin Price Prediction 2025, 2026-2030: Can BTC Rally to $200K?

Will Bitcoin Reach $200k in the Future? Expert Bitcoin Price Predictions for 2025 and beyond The future direction of Bitcoin from 2025...

AI-Powered Crypto Trading Bots: The Hype, The Reality, & What Every Trader Must Know

Artificial Intelligence is transforming industries, and crypto trading is one of those affected by automation. AI-powered crypto trading bots promise emotionless execution...

Related Articles

How To Analyze A Crypto Project Before Investing

In the rapidly changing world of digital assets, investing in a trade...

Exclusive Interview: John Dagostino on India’s Crypto Future

In a world where digital assets are quickly moving from the periphery...

Bitcoin Price Prediction 2025, 2026-2030: Can BTC Rally to $200K?

Will Bitcoin Reach $200k in the Future? Expert Bitcoin Price Predictions for...

AI-Powered Crypto Trading Bots: The Hype, The Reality, & What Every Trader Must Know

Artificial Intelligence is transforming industries, and crypto trading is one of those...