BIMTECH Introduces Blockchain-Backed Digital Currency "BIMCOIN". Banking & Finance | Dated: 29 Jan 2025 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. 🎯 Key Highlights: - 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. 💡 Other Important Facts: (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. 📚 Test Your Knowledge: Which institution recently launched the blockchain-based digital currency 'BIMCOIN'? Correct Answer: BIMTECH 🚀 Quick Recap: