What is E -Rupee? CBDC Digital Currency Explained!
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VIDEO DESCRIPTION
In this video you will learn complete analysis about digital currency. What is digital currency? Models of digital currency, how does the digital currency work, how to redeem e-rupee, types of digital currency/ digital rupee, advantages and disadvantages of digital currency, threats of digital currency. What is wrong with digital currency? Is CBDC a threat for privacy and freedom? e-Rupi, e Rupi, E Rupee, Digital Rupee, Digital Rupi
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VIDEO CHAPTERS:
0:00 Introduction
0:40 What is CBDC? Introduction to CBDC
3:07 Process of Digital Currency CBDC
4:55 Advantages of Digital Currency CBDC/ e Rupi
6:33 Disadvantages of CBDC
10:46 Conclusion
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REFERENCES:
RBI Monetary Policy: Concept Note On Central Bank Digital Currency - rbidocs.rbi.org.in/rdocs//Pub...
Telangana Today: Here’s a list of countries to officially launch digital currencies telanganatoday.com/heres-a-li...
India Postern - RBI e-rupee project: india.postsen.com/local/23371...
Economic Times: How to use RBI’s Digital Rupee - economictimes.indiatimes.com/...
NPCI - www.npci.org.in/what-we-do/e-...
NPCI Booklet - www.npci.org.in/PDF/npci/e-ru...
Central bank digital currency: The battle for the soul of the financial system, Kim Schoenholtz
Stephen Cecchetti / 8 Jul 2021 - cepr.org/voxeu/columns/centra...
Brokings: Digital currencies: Five big implications for central banks - www.brookings.edu/blog/up-fro...
Payments Vision 2025, Reserve Bank of India - rbidocs.rbi.org.in/rdocs/Publ...
How to use RBI's Digital Rupee, The Economic Times - economictimes.indiatimes.com/...
Do we need ‘public money’? - speech by Jon Cunliffe, Bank of England www.bankofengland.co.uk/speec...
Bank of England www.bankofengland.co.uk/knowl...
www.finextra.com/the-long-rea...
QUESTIONS
What is e Rupi
digital currency in india
Why e Rupi launched
Is e Rupi a cryptocurrency
Who launched e Rupi
How e Rupi works
What is Digital Rupee (CBDC)
How RBI’s Digital Rupee Works
Who can use e Rupi
Is Digital Rupee better than UPI
What exactly is digital rupee
What is e-RUPI?
The Untold Truth about Digital Currency | CBDC
Dark Side of CBDC! Death of Privacy?
What's WRONG With Digital Rupee? The Good the Bad and the ugly
Is e-Rupee THREAT for Democracy? RBI Monetary Policy, Vision 2025
End of Privacy? Is India becoming the next China?
End of PRIVATE Banks? Digital Currency of RBI Explained!
Death of FREEDOM? Digital Currency and CBDC Explained!
#digitalcurrency #digitalrupee #cbdc
Пікірлер: 256
Our first course is LIVE: Use the coupon code EDIT50 to get 50% discount on checkout. Course Link: www.eyevorytower.com/videoediting-course
Democracy is an illusion in India. Finally found someone so fking relatable. Love your content dude
@harshvardhanswami718
Жыл бұрын
Democracy is illusion in itself E₹ will be able to stop corruption, havala and terror sponsoring I understand your concern But government is not our enemy it is our guardian
Brother, I have to admit that I have become a fan of your way of speaking.
@eyevorytowermedia
Жыл бұрын
Thank you very much brother. Appreciate the support
@deepakchettri5978
Жыл бұрын
Let's hope he doesn't start selling course
@xzee156
Жыл бұрын
I like how subtly he pass judgment hiding his actual inclination in satirical way... Like it.. 👍🏻👍🏻
Privacy and hacking is something which really is necessary to figure. Hope for the best! 👍
@eyevorytowermedia
Жыл бұрын
Yes. Hope for the best for common people. Thank you for watching the video
Amazing content from day1 man, just keep the content coming and this channel will boom in no time
@eyevorytowermedia
Жыл бұрын
Truly appreciate the support. Thank you very much for the kind words
I think CBDC and UPI need to co-exist for proper functioning of the economy.
@eyevorytowermedia
Жыл бұрын
Yes you are right. RBI has already sent out the experiment, they are sending links for selected users to find out the real case issues.
Damn I need to tell this . I usually watch these case studies from think school only but you nailed it !. From now onwards I'm watching KZread videos also♥️✨
@eyevorytowermedia
Жыл бұрын
Think School is top class when it comes to case studies with Ganesh being excellent presenter [only issue is their videos are pro-govt]
@connected.
Жыл бұрын
@@eyevorytowermedia I think that channel was neutral in the start but then it got bought out like media channels.....very sad indeed
Think school became government school. We need channels like these that brings awareness in public. 💯 💯
@eyevorytowermedia
Жыл бұрын
Is Think School a government promoted channel? Their research and presentation is top-notch. Only thing is they promote only the ruling government or those who are backed by the government.
Thank you for speaking out against this dystopian network. I really appreciate it.
@eyevorytowermedia
Жыл бұрын
Pleasure. thank you for watching the video
I love your video for your simplicity. Once you have 1-5 million subscribers, please don’t loose it(because most of the people do). Cheers!!
@eyevorytowermedia
11 ай бұрын
Appreciate your kind words. Thank you.
Loved the education part, not so much of your opinions though. I learned parts of CBDC technology from you although I tried to watch many videos. Every new change will have friction. Blockchain based technology is future whatever anyone says. World order always work this way, new world power come to place, more evolution etc. Although I agree more control to govt can be a big pain but more to learn in future.
@eyevorytowermedia
Жыл бұрын
Thank you
❤ Just incredible information
very informative🔥🔥
Awesome video and excellent research. Thanks for this in-depth research and analysis of the topic.
This concept is part of even larger plan for the whole world. WEF released a video named the great reset (where they mentioned that "you will own nothing and be happy" which already sounds mystic ) and this digital currency thing had already been tried for the bahamas. So its no surprise that it can happen in india as well.
@SKhandleYT
11 ай бұрын
Thank goodness someone highlighted this here. People newd to wake up
Very nice explanation ❤
Your content is Kohinoor and you are PLATINUM 💓💓
@eyevorytowermedia
Жыл бұрын
your comment is bigger than the two
@whitewolf..
Жыл бұрын
@@eyevorytowermedia hahaha👌🏾👌🏾
I love you for this video. My mind is clean now ❤️
@eyevorytowermedia
Жыл бұрын
Thank you for watching the video
Thankyou for the information Always remember, cash is king Freedom to spend my money my way
Dude, the way you analyze things in such a granularity so that the topic is too easy to understand and has very deep insights as well in such a short span of time.
@eyevorytowermedia
Жыл бұрын
Appreciate the support. Thank you very much.
Best wishes. Very good content. Keep on going.
Sir I got recommendation of you dev wadhvi fake guru video and instantly I found your content superb and this video is awesome too.....instant subscribe 😀.....love ur in-between hindi phrases its funny 😁...thnx sir ,,respect from delhi
@eyevorytowermedia
Жыл бұрын
Thanks to Dev Gadhvi, because of his activities my videos is reaching good audience. Thank you for watching
only 7 videos on the channel ,watched it all and we want more keep up the good work bro.
Man, you are awesome. Love the way you speak and explain the things.
@eyevorytowermedia
Жыл бұрын
Thank you very much. Appreciate
First time I watched your video....no doubt it's very nice.. I'll watch rest of your videos. Keep it up.
This sounds more optimistic than pessimistic..for the country 🙂
Absolutely in love with your content
you make awesome work on case of all studies we supported you
This is So informative thank you for sharing this keep growing brother
@eyevorytowermedia
Жыл бұрын
Thank you very much brother.
Splendid work mate
i never ever thaught in this way keep up the good work buddy
Good Videos ! Keep It Up ! 🙂
@eyevorytowermedia
Жыл бұрын
Thank you very much.
Tho I’m an extremely interested subscriber I just stumbled on your vdo again and it’s refreshing asf’ it gave a whole new perspective I mean my thoughts were revealed to this and the last part was top-notch. I rarely get to see stuff like this on the internet nowadays!
@eyevorytowermedia
Жыл бұрын
Really appreciate. thank you
Great videos bro.make more like this
@eyevorytowermedia
Жыл бұрын
Thank you very much for the support bro.
Keep going brother
You have an ability to give computation for think school
@eyevorytowermedia
Жыл бұрын
Ganesh is an excellent presenter bro. We need respect him for what he has achieved. I have just started, thank you for the kind words.
excellent man. I generally don't comment + I am pro government, but still you convinced me. I like your content
@eyevorytowermedia
Жыл бұрын
I am not a pro-government, not a pro-political party. I am pro-people. Thank you for watching the video.
Wow. Well made video. As you already mentioned i don't understand why they are pretending to fix something which is not broken. They are trying to centralise the authority instead of present decentralisation.
@eyevorytowermedia
Жыл бұрын
I thought this video will get more haters. Thank you for watching the video and sharing comment
Great content, you deserve more subscribers
Excellent Information bro…👍
@eyevorytowermedia
Жыл бұрын
Thank you very much for watching the video.
Excellent. U spoke my mind. Important to have print money. I still don't use upi.
@eyevorytowermedia
Жыл бұрын
Though there are possible cases like hiding print money, print is still the best form of currency that represents somewhat barter system. Thank you for your comment.
sir please dont stop uploading your researches or toics are great
Sir your content is sooo good I m urr fannnn
@eyevorytowermedia
Жыл бұрын
Wah! Kya profile naam hai, Broke Baniya
Keep up the good work
@eyevorytowermedia
Жыл бұрын
Thank you very much for the support
@himanshuchandel7
Жыл бұрын
@@eyevorytowermedia i have Watched every video of yours and every KZread shorts I also used to watch dev ads everyday and i have to say also got tempted but didn't fall into it but not just dev there are many people nowadays offering their courses for 99- rupees only now that i think about it that guy never mentions what is he's business really from where he earned so much I am waiting for your new video to enlighten me to make me think about everything......
great content I like your presentation
@eyevorytowermedia
Жыл бұрын
Thank you very much for the kind words
@nayan_tiwari
Жыл бұрын
@@eyevorytowermedia you have potential of becoming Indian best infotainment channel
Ghazab 😀🤣😃🤣
@eyevorytowermedia
Жыл бұрын
धन्यवाद
Nice Initiative....Please also explain the Bills Presented in Parliament as and when presented as drafts....You have a great Understanding and explanation capabilities
@eyevorytowermedia
Жыл бұрын
Thank you for watching the video and suggestion for the content
Bro you are doing good . I started watching your videos just now and I made it into two of your videos ( Dev Gandhi scam and digital currency) everything perfectly makes sense and you're really doing good bro keep it going, and I'm also one of the guy who fell for dev gandi's scam but I didn't make it to the second funnel it felt really shitty and didn't make sense at all but somehow I gave him 99rs through out of curiosity.
@eyevorytowermedia
Жыл бұрын
Thank you very much for watching other videos and sharing your experience. Appreciate it
Y this brother not getting subscribers ?? Iam really wondered ....good information anna...luv u
@eyevorytowermedia
Жыл бұрын
Thank you very much for your support.
commenting when you have 14.5k subscribers. See you on 1 Million soon.
I love this channel ❤
This just blow my mind
@eyevorytowermedia
Жыл бұрын
Thank you for watching
Clearly Anti National Propaganda. 👍👍 Nice Attempt
@eyevorytowermedia
Жыл бұрын
Glad you didn't say "Attack on India"
This channel will cross 10 lakh subscribers soon.
@eyevorytowermedia
Жыл бұрын
Thank you for the wishes
Problems with we Indians is we are ok with our personal data being collected and monitored by foreign companies but not by the government. Pessimistic have always made chaos and spread fear for every potentially good technology by focusing on negatives be it Aadhar,5G or etc. I was expecting the huge change and impact that can be brought through cbdc in this video but you sum it up with "raato raat".why fear when not involved in crime.And if cbdc could be used for monitoring isnt it will be easy to crack down crimes.Blockchain is a proven technology and developers of the cbdc and the concerned entity are more concerned than us.CBDC has huge potential.focus on the bright side not' raato raat"
@eyevorytowermedia
Жыл бұрын
Thank you for the feedback
i founded your channel through ai randomly... but watched you every stories .... and all are worth and now i am expressing virtual world that drive the people life .... and ultimate its nature and natural recourses that pay of for our fulfillment.... sir kindly make video on how Indian and destroying the Indian rivers.... and we should more counicess towards air and water what we take inside our body.... and it will pass to coming gernation.... sir believe me our river in India.... dont need anyone to clean just stop exploiting it.... take water but dont give sewages in return or chemical water ...... people greed drive us to the place where every single person have to pay off.... even those poor people who have done nothing ..... hope sir you will make some good content...
@eyevorytowermedia
Жыл бұрын
Your suggestions include big players in the system. But I will try to cover, thank you very much
Sir your videos are amazing. What software you used for editing?
@eyevorytowermedia
Жыл бұрын
All our apps are from Adobe Creative Cloud.
@archieparihar6798
Жыл бұрын
@@eyevorytowermedia Thank you
Subscribed and thank you so much for making good content where a lot of shit is available on internet
Your content is very good, nicely organized no doubt But I think there is a lack of spontaneous or natural speaking. Good luck!!
@eyevorytowermedia
Жыл бұрын
Yes. thank you for the suggestion, this skill is work-in-progress
Every time I search for a KZread channel to be updated, I think I've found it.
@eyevorytowermedia
Жыл бұрын
Thank you very much for watching the video
lol just saw a dev gadhvi ad on this video, laughed so much lollolol
I HAVE BEEN TELLING THAT FOR SUCH A LONG TIME.
@eyevorytowermedia
Жыл бұрын
thank you
Current system is somewhat good as you have multiple options cash, UPI, erupee, debit credit cards, Neft rtgs , cheques etc. All these options should be available to public so that they can freely use.
Time to create a petition
E money is plays great role in politics bcs noways so many members can raise voice but if in future they rise the voice against any ruling party than then their accounts are freezed this is too dengerous
@eyevorytowermedia
Жыл бұрын
Yes. Thank you for writing the comment
Funny how the first, The Real Money i.e. Gold/Silver was taken away from the public and replaced with fiat currency. Next, even the fiat currency is being taken away. Even though not possible, I strongly believe taht bringing back Gold coins can end a lot of corruption. No exchange rates, all same gold coins across the world. Kindly share your views.
@eyevorytowermedia
Жыл бұрын
Yes. Thank you for sharing your views. Personally I think barter system was stronger and exchange happened only when it was needed. Like you mentioned Gold era was very strong in the exchange system, even today the physical gold hasn't lost it's true value.
That's why we need to support crypto currency......not for Bitcoin atleast stable coins like tether.......which is not volatile......we need to remove government and organisations like swift.....so that we can have safe transactions globally without totally control to users
Sir your content is informative and has a balanced approach of pros and cons. But please I request you to CORRECT INDIA'S MAP FROM YOUR NEXT VIDEOS ONWARDS. Timestamp: 10:22
this is all about control, if someone thinks that gov is trying to reduce cost of printing money, they are beyond saving. Gov will always try to find new ways of spending our money(tax and debt) and taking away our privacy and freedom in the name of safety and convenience
@patplante8739
Жыл бұрын
We will be in big trouble. They could shut you down
Gold>gold backed paper money>then no gold backup for paper money> now digital currency.. Complete control of the people..
Democracy
Very very Good content You will grow soon
@eyevorytowermedia
Жыл бұрын
Thank you very much for the kind words. Appreciate
I'm your new subscriber and support your effort making such a good content and I hope the e-rupee system doesn't work in India for sure
@eyevorytowermedia
Жыл бұрын
Thank you for watching. Any system that works more for the people and less for the govt is a good system [something that both agree to build the nation]
Brother all videos are excellent.... please relax & change your tshirt often
@eyevorytowermedia
Жыл бұрын
😂 garib log
Hamara Privacy tha hi kab? Everyone has our data ,our data has been sold already .How does tiktok or insta or Facebook work?
Why you stopped making videos? You make good videos put your efforts we want more information ❤
Real threat , there must be other alternatives of it including printed money 🙄
@eyevorytowermedia
Жыл бұрын
Printed money will be reduced drastically as we move to digital world. At this stage not much of threat as RBI works with the private banking system in hybrid model. But we should see how the future changes along with world politics
amaaazing script
First thing is.... there's no privacy nowadays.....
@eyevorytowermedia
Жыл бұрын
Thank you
Good topic, good content, however presented inappropriately in parts. Comments related to status of democracy in India were uncalled for, let your viewers make that inference. Similarly, sarcastic comments about indian developers were too myopic. Continuous improvements in cybersecurity is required but there is no relation not because its developed by indian tech companies. Indian tech industry has been leading on a lot of fronts
@eyevorytowermedia
Жыл бұрын
Thank you for sharing the comment
@vipulmistry6781
Ай бұрын
Thru good content
The struggle of our century is people vs governments, not country vs country. I think for now the best thing to do is for everyone to refuse CBDC. Eventually, they will either have to give up or use force.
so here are some thoughts i have : something as big banks cant go out of the blue and the main economy is dependent on banks I don't possibly think this is going to work as this is going to become more & more prone to security failures , as a developing country shouldn't India focus on developing its infrastructure and on unemployeement (excluding natural unemployment ) there's a need of creating more colleges and coming to youth do u have a better ways on educating the rural ones and giving them to work towards specific goals ?
@eyevorytowermedia
Жыл бұрын
Yes, you are right. And regarding the system, RBI is working around a hybrid model where banks will still maintain everything. In reality if we look at it entire financial system is run by banking system. They will not allow their system to collapse. Regarding the education - the system is working to some extent but more than the colleges, people need skill based training after college or in the college itself. Majority who study in college are not ready for jobs, especially in rural areas, so they end up getting whatever is available. May be colleges should extend one year of academics and just focus on skills. This might save all the skill development investment from the govt.
@mrstone023
Жыл бұрын
@@eyevorytowermedia true that in the field of education, but skill based again brings back the main problem how does India retain the best skillfull teachers or engineers to teach these rural people and what would make it better than most and even though we increase the time of education many people in the youth are only intrested in enjoying life than working and aren't exposed to most of the life and that awareness is what we need what do you think ?
fuckkkkkk..., u r so good, keep it up!
@eyevorytowermedia
Жыл бұрын
Thank you for watching.
Sir please make video on cyrpto currency bitcoin eth please sir you explain things in your video like no one else .🔥
@eyevorytowermedia
Жыл бұрын
Thank you very much for the suggestion. Once I understand the topic little more, I will surely make a video on this topic.
Bro i think your saying about token or digital rupee, but I think you where aware of this token info stores in validators, I.e in a decentralized manner, could you please explain how this hacking takes place, blockchain came to avoid hacking
Crypto 😊
Let that happen and at least corruption becomes zero and it’s not bad for India
@eyevorytowermedia
Жыл бұрын
Thank you for watching the video. In reality, corruption will not reduce even if we go fully digital. Because corruption happens from person to person. Ex. If government sanctions 10 crores for a small road construction. The politician uses 3 crores for the construction, 2 crores for the people involved in the process and eats 5 crores that is corruption. He can convert these 5 crores as legal money as the documentation can be maintained legally. People will find ways to work around to convert the process legal. Another way to look at it is those who are in power will have the capacity to modify the codings in the backend. If the central bank is more powerful than the government then there are chances to reduce corruption but in reality it is the opposite [it is just my opinion though]. What will reduce is the paper money which could have been stored illegally.
@ishank942
Жыл бұрын
@@eyevorytowermedia Even if the politician can maintain the document legally, he can't eat the money in this case as it will be digital not paper money which he can store physically. the politician will have to show proof from where he got that 5 crore as it will be shown in his account. The corruption mostly happens when people store the money physically as govt does not have any proof for that money as it's not shown in bank account. Only big businesses will be able to do the corruption in the form of tax evasion by exploiting the tax code loop holes. Corruption will be mostly eliminated. I think you are mixing the digital and physical currency. Physical currency is prone to corruption, fake currencies etc. Problems of fake currencies, corruption etc will be mostly eliminated by CDBC. Also technologies based on blockchain can't be hacked means the currency will never be compromised only the transactions can be hacked at individual level
Hi bro.. please make same video in hindi
@eyevorytowermedia
Жыл бұрын
My Hindi is not fluent bro, pls adjust for sometime. When I hire a team I will add
Nowa days because of hge gast and other taxes people are losing hope on government and banks also. Thanks sir for giving a detail brief in this video.
All notes above ₹100 will only be digital.
@eyevorytowermedia
Жыл бұрын
Thank you for sharing the info
They can set a expiration date on your CBDC also.
Can you make a video on how people convert there black money in white.…!
bro when you say about chip definitely you need to upgrade yourself and learn what is virtual sims, very non technical content based on news articles.
Please come back brother. We miss you
@eyevorytowermedia
Жыл бұрын
I am setting up my own studio for my video production business. Few more days, will be back to creating these videos.
When you sarcastically say Indian developers, it shows how little knowledge you have related to IT and tech.
@eyevorytowermedia
Жыл бұрын
You must be from tech background. Thank you
@codetecheasy9365
Жыл бұрын
@@eyevorytowermedia Yes it's better to revalidate two times for each tech that you discuss else you will be popat in front of people who know what is going on and who are the developers and architects behind the tech.
Rtgs also!!
Can you make video about how manmohan singh saved Indian economy
@eyevorytowermedia
Жыл бұрын
Sure, thank you for the suggestion.
I like your videos but do you think corruption will be gone with no cash? Anyone with basic knowledge of how govt and govt employees functions e.g. in allotting contracts, they rake 40-50% commission immediately. Corruption is that big in India. I'm talking all present and past govts pan India. With my limited knowledge, I think privacy, freedom and freedom of expression etc are too overrated for India. Let's first track everyone from where they got money and if they paid taxes on it.
@eyevorytowermedia
Жыл бұрын
You raised an important issue. Personally I do not think this or any other system will bring down corruption. Some govts you will know it and some govts you may not know it. It is not about political party because it happens from the source of power - human to human. The hunger for money. The best way is to reduce the number you mentioned from 50% to at least 20% or 15%. Regarding taxes - only common people pay more taxes in reality. Ex. Reliance paid very high gst - majority comes from common people like you and me who have paid the tax. Reliance gave it to the govt. Employees in companies pay income tax from their salaries. Some big companies need not to pay a lot of taxes because of many reasons like debt and other things. [It is still a personal opinion though]
what a contebt
7:11 that was smooth tho. lmfao
@eyevorytowermedia
Жыл бұрын
Tried some sarcasm but it didn't add much effect. Thanks for noticing
@inceltatsu9917
Жыл бұрын
@@eyevorytowermedia welcome.