Question

What is the purpose of the open-source project 'Flacon' launched by the National Payments Corporation of India (NPCI)?

A To develop a new digital payment system Correct Answer Incorrect Answer
B To create a simple way for cryptocurrency Correct Answer Incorrect Answer
C To simplify the management and use of blockchain Correct Answer Incorrect Answer
D To launch a mobile banking app Correct Answer Incorrect Answer
E To establish a national credit bureau Correct Answer Incorrect Answer

Solution

National Payments Corporation of India (NPCI) launched the open-source project 'Flacon' with the aim of simplifying the management and use of blockchain technology.

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