Post
Topic
Board Economics
Re: A Public Market is Turning 'Cashless' in the Philippines
by
Apple Mac
on 02/12/2018, 16:11:35 UTC
'The new Marulas Public Market in Valenzuela City is the first-of-its-kind ‘DigiPalengke’ initiative in Northern Metro Manila where an entire marketplace is equipped to accept mobile cashless payments.'

https://pia.gov.ph/news/articles/1015376

--

This is quite interesting since even a public market where most of the time common folk buy their everyday needs is accepting digital payments. While this is not entirely related to cryptocurrency, it's as if the people are slowly seeing the convenience and security cashless payments offer to their everyday lives. For years, scan-to-pay stores are just confined within the walls of malls and luxurious places but it seems that we're slowly bringing it to the masses and eventually, it will be the norm to pay only with our smartphones and pre-loaded accounts--and in the future, possibly even cryptocurrencies.

Well this is true, and it was actually a great start for our community, in which we are one of the most progressive city in the Philippine ,in behalf of this situation we can say that it has both advantages and disadvantages , advantage is that an easy way to buy good and make transactions, but it was hard thing for most of the families to acquire extensive progression of technology,which we can say one of the worst conflict in implementing cashless society.