Explanation:

Explanation:

• Statement 1 is Incorrect: e-RUPI is basically a digital voucher which a beneficiary gets on his phone in the form of an SMS or QR code. It is a pre-paid voucher. This will essentially be like a prepaid gift-voucher that will be redeemable at specific accepting centres without any credit or debit card, a mobile app or internet banking. e-RUPI will connect the sponsors of the services with the beneficiaries and service providers in a digital manner without any physical interface. e-RUPI is expected to ensure a leak-proof delivery of welfare services. It can also be used for delivering services under schemes meant for providing drugs and nutritional support under Mother and Child welfare schemes, TB eradication programmes, drugs & diagnostics under schemes like Ayushman Bharat Pradhan Mantri Jan Arogya Yojana, fertiliser subsidies etc.
• Statement 2 is correct: The National Payments Corporation of India (NPCI), which oversees the digital payments ecosystem in India, has launched e-RUPI, a voucher-based payments system to promote cashless transactions. It has been developed in collaboration with the Department of Financial Services, Ministry of Health & Family Welfare and National Health Authority. NPCI has partnered with 11 banks for e-RUPI transactions. To begin with, NPCI has tied up with more than 1,600 hospitals where e-RUPI can be redeemed.

How is e-RUPI different than a digital currency:

• e-RUPI is still backed by the existing Indian rupee as the underlying asset and
• Specificity of its purpose makes it different to a virtual currency and puts it closer to a voucher based payment system.
• Also, the ubiquitousness of e-RUPI in the future will depend on the end-use cases.