PayPal-Backed Startup Flexes Muscle With Strategic E-Rupee Acquisition - PayPal Holdings (NASDAQ:PYPL), Alphabet (NASDAQ:GOOG)

1. Mintoak, backed by PayPal, acquired Digiledge for $3.5 million. 2. This marks Mintoak's entry into the CBDC market in India. 3. India's Reserve Bank launched e-rupee pilot in December 2022. 4. Major fintechs like Google Pay are involved in the e-rupee initiative. 5. Federal Reserve indicates no U.S. CBDC development during Powell's leadership.