Synopsis
Central bank digital currency (CBDC), an RBI initiative, can help state governments bring the unbanked under the formal economy. The currency can be used without a bank account. The user needs to simply have a smartphone, and a phone number linked to his Aadhar. Circularity Global, a climate startup, believes that CBDC can be the solution to the addiction problem that Kerala has been fighting for years. The currency is programmed in such a way that it will not work in any liquor or lottery shop.
Away from lottery and liquor, this man introduces 5k Kerala workers to digital currency, loans Joel Michael, a climate entrepreneur and founder of Circulatory Global, believes that digital currencies can solve the problem of social evils. He is working towards bringing the sanitation workers in Kerala into the formal economy with the use of programmable digital currencies. How Pahalgam attack may knock the wind out of Kashmir air travel Over the
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