India plans to explore cross-border use of digital rupees to reduce payment costs and improve trade settlement efficiency

2026-02-02 15:53:42

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ChainCatcher reports that, according to Cointelegraph, India is exploring the use of digital rupees (e-rupee) for cross-border transactions to reduce payment costs, improve trade settlement efficiency, and expand the global role of the rupee.

The report states that as a sovereign digital currency issued by the Reserve Bank of India, the e-rupee can enable direct and final settlement without relying on multiple intermediaries in international payments. Currently, India has proposed linking the e-rupee with central bank digital currencies (CBDCs) of other countries (especially BRICS nations) to simplify cross-border trade, remittances, and tourism settlements.

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