The Reserve Bank of India is working to make its digital currency available without being dependent on internet access, according to Governor Shaktikanta Das.

Reserve Bank of India Governor Shaktikanta Das said on Monday that Central Bank Digital Currency (CBDC) or digital currency, can drive financial inclusion and provide a much safer alternative to potentially dangerous private digital currencies.

India is one of the few economies to experiment with a digital currency backed by a central bank, even as developed nations tread cautiously

The technological innovation of the past years puts a question mark over central banks’ future and officials must “speed up” adaptation including digital currencies, according to Bundesbank President Joachim Nagel.