Crypto is a foundational technology like artificial intelligence. India is one of the first countries in the world to launch its own central bank digital currency. What the internet did to information, digital currency can do to money. It might well be the biggest asymmetric opportunity of the 21st century. India with its solid digital public infrastructure, lowest broadband costs, global leadership in IT services and a young demographic – is positioned to lead globally.
In all this controversy on bitcoin and the euphoria around ai apps – we sometimes tend to forget the reality of distributed ledgers run by a trustless non existent central command. Many thanks to Taron Mohan and Abhay Agarwal for patiently tutoring me through the black box domain. And of course to the original Sodexo India coupon creator Ashish Talwar and blockchain believer Shitiz Ruhail all of who helped the indian digital rupee actually happen.
