Crypto Tokens in Indian Public Sector

 

Indian government is going to launch internal blockchain-based crypto tokens in the country in spite of having a banking ban on decentralized cryptocurrencies. 
An organized committee started investigating the token usability in public sector as it is intends to start from the transport where metro cards can be replaced by crypto tokens. 

"The committee is examining if crypto tokens can be used to replace smart cards such as metro cards in the public sector to start with. Similarly, in the private sector, it can be used in loyalty programmes such as air miles where its use is limited to buying the next ticket and can't be converted into money," reported the ministry official.

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