News > Digital currencies could be traded for cash, says PM Modi

Digital currencies could be traded for cash, says PM Modi

Dais Newsfeed | 02/02/2022 05:09 PM | Click to read full article

Prime Minister Narendra Modi on Wednesday said the digital rupee, proposed in the union budget, could be exchanged for cash and will open new opportunities in the fintech sector.

Addressing the ‘Atmanirbha Arthavyavastha’ (self-reliant economy) symposium organized by the BJP, he said the central bank digital currency or the digital rupee will make online payments more secure and risk-free and boost the digital economy in the years to come.