India’s digital payment revolution has been led by UPI (Unified Payments Interface)—a fast, reliable, and widely adopted platform. But as the financial landscape evolves, e₹Coin emerges as a next-generation alternative: a crypto-powered payment system that blends blockchain transparency with centralized accountability.
So how do they compare? Let’s break it down.
🔄 1. Nature of the System
|
UPI |
e₹Coin |
|---|---|
|
A payment platform that facilitates INR transfers between bank accounts |
A digital currency with its own market-driven value, used for payments and transfers |
🏦 2. Currency Backing
|
UPI |
e₹Coin |
|---|---|
|
Tied directly to the Indian Rupee (INR) |
Operates as an independent crypto asset, not pegged to INR |
🔐 3. Ownership & Control
|
UPI |
e₹Coin |
|---|---|
|
Funds are held in bank accounts; users rely on intermediaries |
Users hold e₹Coin in a secure digital wallet, with direct control over their assets |
📲 4. How You Pay
|
UPI |
e₹Coin |
|---|---|
|
Scan QR, enter UPI ID, or pay via phone number |
Scan QR, send to wallet address or phone-linked ID—same ease, new currency |
🌍 5. Scope of Use
|
UPI |
e₹Coin |
|---|---|
|
Primarily domestic and INR-based |
Designed for cross-platform and future global compatibility |
🧾 6. Transparency & Security
|
UPI |
e₹Coin |
|---|---|
|
Transactions routed through banks and apps |
Transactions recorded on a blockchain ledger, with centralized oversight by eRupeeCoin Finserv Limited |
🚀 Why e₹Coin Matters
While UPI transformed how India pays, e₹Coin transforms what India can do Globally with money. It offers:
-
- Ownership of a digital asset
- Freedom from fiat-only systems
- Security through blockchain
- Accountability through centralized management of ERupeeCoin Finserv Limited