This is a well-written and comprehensive exploration of the potential role of CBDCs in India. You've done an excellent job highlighting both the strengths of UPI and the future possibilities that CBDCs offer. Your detailed explanation of asset delivery mechanisms and how distributed ledgers can unify payment systems really captures the reader's attention.
The examples you provide, especially the Uniswap comparison, make a complex topic more accessible. I also appreciate the balanced view you've taken—acknowledging UPI's dominance while shedding light on how CBDCs could eventually complement, rather than replace, the existing ecosystem.
Keep up the great work in demystifying such intricate financial topics. This post surely adds value to anyone looking to understand the future of digital payments in India! 👏
This is a well-written and comprehensive exploration of the potential role of CBDCs in India. You've done an excellent job highlighting both the strengths of UPI and the future possibilities that CBDCs offer. Your detailed explanation of asset delivery mechanisms and how distributed ledgers can unify payment systems really captures the reader's attention.
The examples you provide, especially the Uniswap comparison, make a complex topic more accessible. I also appreciate the balanced view you've taken—acknowledging UPI's dominance while shedding light on how CBDCs could eventually complement, rather than replace, the existing ecosystem.
Keep up the great work in demystifying such intricate financial topics. This post surely adds value to anyone looking to understand the future of digital payments in India! 👏