DC Wallet Powered by Radix Announces Partnership with Indian Government Company AFC for CBDC Adoption in India

DC
Wallet,
powered
by
Radix
technology,
a
venture
by
Menas
Global,
has
now
a
strategic
partnership
with
AFC
India
Ltd,
a
Government
of
India
undertaking.
The
partnership
aims
to
accelerate
the
adoption
of
CBDCs
in
India
and
other
countries
in
the
near
future. 

Partnership
to
Drive
CBDC
Adoption
in
India

After
the
RBI’s
(Reserve
Bank
of
India’s)
confirmation
of
the
Digital
Rupee
test
with
Ripple’s
XRP
Ledger
for
institutional
use
cases,
DC
Wallet
powered
by
the
Radix
XRD
Ledger
will
support
the
initiative
to
fast-track
the
mass
adoption
of
CBDC
in
India.

DC
Wallet,
powered
by
Radix,
is
launching
an
advanced
platform
for
CBDCs
and
digital
asset
management.
In
collaboration
with
AFC,
the
initiative
aims
to
streamline
programmable
money
adoption
in
India,
equipping
local
banks,
government,
and
private
financial
institutions
with
cutting-edge
technology
to
harness
the
power
of
programmable
money. 

The
strategy
spans
to
provide
closed
loop
wallet
solutions
to
sectors
such
as
agriculture,
education,
and
travel,
with
a
potential
reach
of
over
200
million
users
and
integration
with
Banks
and
NBFCs. 

Aligned
with
the
RBI’s
goal
of
enhancing
financial
inclusion,
AFC
will
help
integrate
DC
Wallet
with
public
and
private
sector
banks,
enhancing
last-mile
connectivity
through
offline
transactions,
for
India’s
unbanked
and
underbanked
population.
The
solution
also
offers
cost-effective
cross-border
payments
for
inward
remittances
mainly
from
the
Indian
diaspora.
This
will
be
through
partnerships
with
remittance
companies
having
licenses
internationally,
starting
with
Canada
and
Australia. 

With
Radix’s
XRD
Ledger
and
DC
Wallet’s
quantum
ready
security
for
high
value
transactions,
the
platform
also
ensures
secure,
efficient
transactions,
fostering
trust
amongst
users
and
institutions.
The
wallet
is
designed
for
retail
and
institutional
CBDC
use,
focusing
on
security,
operational
efficiency,
and
ease
of
access.

Revolutionizing
Digital
Asset
Management
with
DC
Wallet

DC
Wallet
offers
advanced
digital
currency
management
features
powered
by
the
Radix
technology
stack.
Key
features
include:

• 
  Security
  and
  Compliance:
  Real-time
  AML/CFTC
  monitoring,
  quantum-grade
  encryption,
  fraud
  resistance,
  and
  biometric
  security.
• 
  Multi-Wallet
  Support:
  Manage
  and
  transact
  multiple
  assets
  within
  one
  interface.
• 
  Integrated
  Identity
  Management:
  Built-in
  ID
  storage
  for
  enhanced
  convenience
  and
  security.
• 
  Fast
  Transactions:
  Radix
  XRD
  Ledger
  enables
  transactions
  to
  finalize
  in
  under
  five
  seconds,
  supporting
  high-frequency,
  high-value
  transfers.
• 
  Seamless
  Asset
  Conversion:
  Instant
  asset
  switching
  with
  minimal
  fees.
• 
  Interoperability:
  Cross-chain
  functionality
  for
  retail
  (easy
  cross-platform
  payments)
  and
  wholesale
  (seamless
  G2G
  and
  B2B
  transactions).
• 
  Accessibility:
  Mobile
  and
  offline
  options
  support
  under-resourced
  geographies
  and
  limited
  connectivity.

Anyone
wishing
to
dive
deeper
can
download
the


DC
Wallet
whitepaper
or
visit


radixcbdc.com.

About
DC
Wallet 

DC
Wallet
is
an
advanced
and
feature-rich
digital
currency
and
asset
manager.
The
project
is
based
on
Radix’s
XRD
Ledger,
combining
blockchain
solutions
for
scalability
and
security.

With
its
collaboration
with
AFC,
DC
Wallet
integrates
seamlessly
with
India’s
financial
infrastructure.
The
social
media
pages
below
and
the


project’s
website
help
the
community
keep
up
to
speed
with
DC
Wallet’s
growth.

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