"Then there are nearly 233 mln people who do not have bank accounts, these people will struggle as well. In the coming days, we will see uncertainty take center stage and the country facing a stiffening recession.
In these times, Bitcoin may rescue those who are clever enough to avoid the plunging rupee and the disastrous economic policies of the Modi government, but for a majority of Indians, the coming days will be marked by increased pain."
What a huge mess, I am so glad to not be living over there.
Topic: [2016-11-12]Cashless Chaos: Life Comes to a Halt in Cash Starved India,BTC can.. (Read 326 times)
November 12, 2016, 10:39:49 PM
November 12, 2016, 09:08:43 AM
Cashless Chaos: Life Comes to a Halt in Cash Starved India, Bitcoin Can Help
We are living in a brave new world here in India. Enough has been written about the “end of cash” and how there will be a day when we will all be using digital money. Well that future has arrived for the one bln plus people of India.
Ever since the demonetization of the Rs. 500 and Rs. 1000 banknotes on the midnight of Oct. 9, 2016, life has turned into a ghastly nightmare for billions of teeming masses. Things that we took for granted have become a challenge, not unequal to climbing the highest of Himalayan peaks. Welcome to cashless chaos, the story of a demonetized India.
Read More: https://cointelegraph.com/news/cashless-chaos-life-comes-to-a-halt-in-cash-starved-india-bitcoin-can-help
We are living in a brave new world here in India. Enough has been written about the “end of cash” and how there will be a day when we will all be using digital money. Well that future has arrived for the one bln plus people of India.
Ever since the demonetization of the Rs. 500 and Rs. 1000 banknotes on the midnight of Oct. 9, 2016, life has turned into a ghastly nightmare for billions of teeming masses. Things that we took for granted have become a challenge, not unequal to climbing the highest of Himalayan peaks. Welcome to cashless chaos, the story of a demonetized India.
Read More: https://cointelegraph.com/news/cashless-chaos-life-comes-to-a-halt-in-cash-starved-india-bitcoin-can-help
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