BIMTECH Introduces Blockchain-Backed Digital Currency "BIMCOIN".

Banking & Finance

In January 2025, Birla Institute of Management Technology (BIMTECH), located in Greater Noida, Uttar Pradesh (UP), introduced 'BIMCOIN', a blockchain-based digital currency for its ecosystem.


      - BIMTECH became the first business management institute in India to launch such a digital currency, following the Indian Institute of Technology (IIT) Madras.

      - This initiative supports the Viksit Bharat 2047 vision by simplifying payments and transactions among students, vendors, and administrators through a secure, transparent, and decentralized platform.

     

Main Point :-   (i) BIMCOIN operates on blockchain technology, offering decentralization, transparency, and smart contract features.

      (ii) It enhances security, safeguards against fraud, and encourages ethical practices while providing students a hands-on learning experience with blockchain technology and digital currencies.


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