Think about this scenario. It's eight hours into the evening and an announcement that, from now to the present, it will substitute all rupee currency with electronic money called CBDR, which is short of Central Bank Digital Rupee. The public is not in a panic, and they are given a week to go to an office that is part of the Reserve Bank of India (RBI) or any other public sector bank to swap all their currencies for digital rupees. There will be no questions. Authority will create a new account through RBI based on an Aadhaar number and PAN card information. The amount will be transferred automatically to the fund for access via the registered mobile phone. The process will only take several minutes, and then one will be able to exit the bank with cash in their mobile. Does this sound like a dream? It might sound just as good as it does, but it's possible.

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