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RE: My 100th Post! What Steemit Means For The Future Of TRUTH!
@hungryhustle, what is your perspective on India's removal of 86% of the cash supply (500 and 1,000 rupee notes) since last year? How are people now adjusting to this? We have next to no information about the effects of this cashless push and it would be great to hear your thoughts. Thanks my friend.
@libertyacademy, Thanks for asking me this question. Last year when demonetization occurred, people were forced to use digital medium for transaction. In a single day, the most common notes i.e. 500 and 1000 Rupee Notes were discarded by the government of India. People were asked to deposit their old currency notes and get it converted into digital cash.
Thanks to our Prime Minister Modi Ji, Now I can pay through my digital wallets and even a roadside "Tea Maker" who was not accustomed to "PayTM", will accept the payments.
No need to put cash in you pocket. Just your mobile phone with an internet connection.
My mother did not know how to book cabs and pay through Debit Card or Mobile Wallet, now she has completed 200+ since then. I guess it was a great move at the right time when crypto space was gaining popularity worldwide.
I would love to see a day when we are going to use STEEM, ETH, BTC and other cryptos being used at various outlets to buy tea, burger, coffee, toffee, condoms, grocery or get services like head massage, foot spa, plumbing, car washing etc. Cheers mate.