India to be the first country to adopt blockchain for financial transactions

India will be the latest nation to adopt a blockchain system in its financial transactions, as it joins other countries to become the first in the world to make this happen.

With the launch of the National Electronic Money Payment (NEMM) platform on Tuesday, the government of India will roll out the technology that will enable banks to securely send and receive electronic payments without requiring any physical form of transaction.

The National Electronic Payment System (NEMS) is a blockchain-based platform that enables payments, remittances and other payments to be processed instantly and securely using electronic money.

It is the first digital currency that has been adopted by India’s central bank and the government is working towards making it widely available to banks, which will have to process more than 200 billion transactions annually, according to the government.

The NEMS is currently in the works and the first phase will have the government issuing NEMSs to the banks.

The first batch of NEMS tokens will be distributed to banks via an app on their mobile phones, enabling them to receive payments.

The blockchain will be able to make payments to banks faster and more secure, enabling the banks to transfer money faster than ever before.

The NEMS system will also be a platform for banks to exchange digital currencies such as Bitcoin and Ether.

The first batch will be issued to the 10 banks that will be selected by the government, and the second batch will then be distributed across the country.

The government will be working with other banks to create NEMS services in collaboration with the private sector, said the National Payments Corporation of India (NPCI), the body that will handle the NEMS.

The Indian government is the largest issuer of NEMMs globally, accounting for more than 50 percent of the total supply.

In India, the NEMM system is expected to be deployed in about a dozen countries, including India, Indonesia, Malaysia, Singapore, Turkey, Thailand, and Vietnam.

The banknotes are also available for use in a number of countries, with banks in the United States and the United Kingdom among the biggest users.

India is one of the most progressive countries in the developed world and has been one of its leading economic growth contributors over the past few years.

Last year, the country generated nearly $1 trillion worth of digital currency through the use of NEMs, and has become a hub for the growth of cryptocurrencies.

The Indian government has announced that the NEM tokens will also support the country’s National Electronic Payments Account (NEPA), which it is planning to launch in 2018.

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