Feasibility study of digital currency will be done, now from loan application to approval online

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Feasibility study of digital currency will be done, now from loan application to approval online

Nepal Rastra Bank is going to study the feasibility of digital currency. Announcing the monetary policy for the fiscal year 2078/79 on Friday, the NRB said that the central bank will study the feasibility of electronic currency.

The policy states, “In the context of the use and feasibility study of e-currency in the world, the feasibility study of e-currency will be carried out by the Central Bank in Nepal as well.”

Similarly, NRB has said that digital loan guidelines will be formulated and implemented in banks and financial institutions to facilitate the process from loan application to approval.

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Rabins Sharma Lamichhane

Rabins Sharma Lamichhane is the owner of RabinsXP who is constantly working for increasing the Internet of Things (IoT) in Nepal. He also builds android apps and crafts beautiful websites. He is also working with various social services. The main aim of Lamichhane is to digitally empower the citizens of Nepal and make the world spiritually sound better both in terms of technology and personal development. Rabins is also the first initiator of Digital Nepal.

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