🔆Long Range Radio (LoRa)


✅ Why in News: 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.


✅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.