DC Wallet, developed by Menas Global using Radix technology, has partnered with AFC India Ltd to encourage the adoption of Central Bank Digital Currencies (CBDCs) in India and beyond. This collaboration follows the Reserve Bank of India’s confirmation of testing the Digital Rupee with Ripple’s XRP Ledger. DC Wallet aims to enhance financial inclusion by integrating with public and private sector banks, providing solutions for various sectors like agriculture and education. With features like high security, fast transactions, and offline capabilities, DC Wallet is designed for both retail and institutional use. It supports seamless cross-border payments and efficient digital asset management, ultimately targeting over 200 million users. For more details, visit the DC Wallet website.
Dubai, UAE, December 5, 2024 (GLOBE NEWSWIRE) — DC Wallet, a platform powered by Radix technology and backed by Menas Global, has entered into a strategic partnership with AFC India Ltd, a Government of India undertaking. This collaboration aims to promote the adoption of Central Bank Digital Currencies (CBDCs) in India and potentially in other regions as well.
With the Reserve Bank of India (RBI) recently confirming the testing of its Digital Rupee using Ripple’s XRP Ledger for institutional purposes, DC Wallet is set to support these efforts by facilitating the mass acceptance of CBDCs in the country. The wallet will offer an advanced solution for managing digital assets, working closely with AFC to enable banks and financial institutions to leverage programmable money technologies.
The initiative is designed to reach over 200 million users across key sectors like agriculture, education, and travel. It aims to enhance financial inclusion, especially for India’s unbanked population, by partnering with public and private sector banks to provide seamless offline transaction capabilities. Additionally, the DC Wallet will streamline cross-border payments, particularly for remittances from the Indian diaspora, starting with markets in Canada and Australia.
DC Wallet’s platform emphasizes security and efficiency, boasting features such as quantum-grade encryption, multi-wallet support, and fast transaction processing, thanks to the Radix XRD Ledger. This digital currency management solution is tailored for both retail and institutional users, ensuring operational efficiency and accessibility in areas with limited connectivity.
To learn more about DC Wallet and its features, visit the project’s website and download the detailed whitepaper.
For updates and insights, follow DC Wallet on social media platforms like Twitter and LinkedIn.
Disclaimer: This press release does not serve as a solicitation for investment or financial advice. It is advisable to consult a professional before making any investment decisions.
What is DC Wallet powered by Radix?
DC Wallet powered by Radix is a digital wallet that allows users to store, manage, and transact with cryptocurrency easily and securely.
Who has DC Wallet partnered with?
DC Wallet has formed a partnership with another company to enhance its services and improve the user experience, but the specific partner’s name is not mentioned.
How does this partnership benefit users?
The partnership aims to bring new features, improved security, and better support to users, making it easier for them to manage their digital assets.
Is there a cost to use DC Wallet?
Using DC Wallet is generally free, but there may be fees for certain transactions or features, similar to other digital wallets.
How can I download and start using DC Wallet?
You can download DC Wallet from official app stores for your device. Once downloaded, you can create an account and start using it to store and transact with cryptocurrencies.
