India has quitely launched it's CBDC for limited use and I got to use it

Currently they're rolling out this feature for limited access and my bank gave me access to this too.

So basically they have made "cash" digital. The Reserve Bank of India(RBI) has launched a back end interface that currently the large banks are integrating their front end interfaces with to make new apps. When we open the app, we need to register with our phone number and then we have a wallet in the app. Nothing about private keys (asfaik). The app shows denominations of different physical coins and notes (they look a bit different though) and we can select how much of each denomination we want to have in our wallet.

Once we're done selecting for example - 2x ₹5 notes and 4x ₹100 notes, we can enter our bank details so that they can deduct the same from our bank account. Once it's in the wallet, each note(they say token) has a different unique number in them and when we send it to someone else who has to have a wallet, they'll get the token with that same unique number( idk what they call that number). We can send it to people having a phone number registered with this system or a QR code from the same.

And RBI has said for the time being that they won't be tracking the transactions which aren't large or of transactions involving large denominations ( I don't have clarity about which they talked about).

They have also made a system where we if he have for example a ₹500 denomination token only and we want to send Mr.X ₹400, we type in ₹400 and send it the person, the intermediary bank will take the ₹500 token from me, give me back a ₹100 token and give the receiver 2x ₹200 tokens.

RBI has also said that they would link this system with the existing Unified Payments Interface(UPI) which is a widely used system to transfer money up to an amount of ₹0.1 million(in most cases) for free through banks. When this gets integrated, we can send money from and to the wallet from bank accounts which are not linked, and this everyone would not need to open wallets for themselves. The bank (who is the intermediary over here) would collect the tokens and credit the person who wants it in his bank account with the normal money we have in our banks.

I couldn't find an article to link but I have used this and we might get articles about it in the near future.

Here's a YouTube video explaining all of it really nicely if you want to know more- https://youtu.be/kyYsed1Yd6E

Edit: My dumbass forgot to mention its name. The name is e-Rupee (not e-RUPI, that is different).