INDIA still facing cash issues: now due to banknote software upgrade delays - page 2.

krishnapramod

legendary

Activity: 1470

Merit: 1078

Quote from: mynhpark on April 18, 2017, 05:19:17 AM

Unfortunately, it appears things are even worse in India right now, with over 90% of the country’s ATMs running dry. Ever since the Indian government began their demonetization efforts, things have gotten out of hand quickly. Late last year, the country’s bank ATMs were on the brink of running dry. The first time happened due to the change from old banknotes to new ones. However, this new debacle is due to a delay in software upgrades.

More information below:

http://www.newsbtc.com/2017/04/17/indias-bank-atms-running-cash-new-banknote-software-upgrades-still-not-completed/

It is evident that access to cash remains a big problem in India, do you think Bitcoin could be part of the solution?

There is a probability that the solution might get banned in India, https://bitcointalk.org/index.php?topic=1848967.40

BTCx India have already shut down their operations, rest of the exchanges are in the process of submitting a petition to FM.

Prem.Soorajpaul

full member

Activity: 199

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0xB911101025014BfCaA3B17BC7683C0817489bB28

I don't understand why the general population is so adamant in using physical cash, when the government is incentivizing the usage of digital payments. The government is doing the right thing. Just hoping that the population will support them.

iram3130

legendary

Activity: 1512

Merit: 1010

ITSMYNE 🚀 Talk NFTs, Trade NFTs 🚀

Quote from: mynhpark on April 18, 2017, 05:19:17 AM

Unfortunately, it appears things are even worse in India right now, with over 90% of the country’s ATMs running dry. Ever since the Indian government began their demonetization efforts, things have gotten out of hand quickly. Late last year, the country’s bank ATMs were on the brink of running dry. The first time happened due to the change from old banknotes to new ones. However, this new debacle is due to a delay in software upgrades.

More information below:

http://www.newsbtc.com/2017/04/17/indias-bank-atms-running-cash-new-banknote-software-upgrades-still-not-completed/

It is evident that access to cash remains a big problem in India, do you think Bitcoin could be part of the solution?

The problem is Indian government is showing less interest in crypto currencies. The government official give controversial statements from time to time and people think that investing and using Bitcoin will be too risky.
I agree that India will be a great market for Bitcoin even if 10% of their population start using Bitcoin and the Bitcoin can help India's cashless economy.

mynhpark

full member

Activity: 378

Merit: 101

Unfortunately, it appears things are even worse in India right now, with over 90% of the country’s ATMs running dry. Ever since the Indian government began their demonetization efforts, things have gotten out of hand quickly. Late last year, the country’s bank ATMs were on the brink of running dry. The first time happened due to the change from old banknotes to new ones. However, this new debacle is due to a delay in software upgrades.

More information below:

http://www.newsbtc.com/2017/04/17/indias-bank-atms-running-cash-new-banknote-software-upgrades-still-not-completed/

It is evident that access to cash remains a big problem in India, do you think Bitcoin could be part of the solution?

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