Long Range Radio (LoRa)

Posted on September 21, 2022 by admin1 2093

In News

Recently, the Institute for Development and Research in Banking Technology (IDRBT), an arm of the Reserve Bank of India (RBI) has developed a new low cost financial network to take banking to remote areas.

About Long Range Radio (LoRa)

LoRa technology is a wireless modulation technique in the physical layer, allowing long-range communication using chirp spread spectrum.
LoRa technology uses dedicated radios, which are not usually present in end-user devices, limiting interferences from other devices.
LoRa is ideal for applications that transmit small chunks of data with low bit rates.
It is a new dedicated low cost financial network that can be used privately by banks to send encrypted texts to conduct financial transactions.

Source: BL

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