India’s digital rupee may not necessarily be on the blockchain, according to the country’s central bank – Business Insider India

The technology choices are open. We are open to trying out all possible technologies, it depends on the use case — which will be more appropriate.
Whatever we’re doing, we’re doing it very carefully. We don’t want to rush into it.
Work is progressing on wholesale and retail use of the CBDC. Account-based models are easier to develop, whereas token-based models take longer to develop. Which model we will decide to test first will be decided at a later date.
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