First metro to accept digital currency

  • Kochi Metro has become the first Metro to accept digital currency in its parking facilities.
  • IDFC First Bank has partnered with Anantham Online to enable acceptance of digital rupees at parking facilities of Kochi Metro.
  • Anantham Online is a technology startup focused on digital parking.
  • With the help of this initiative, users of Kochi Metro will be able to make payments from their respective bank's CBDC wallet.
  • Currently, the CBDC is in the first phase of implementation with four banks. IDFC First Bank is one of them.

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