Post
Topic
Board Economics
Re: A Public Market is Turning 'Cashless' in the Philippines
by
Nivir
on 12/12/2018, 04:08:41 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

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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.

in my opinion, scan-to-pay and no cash payments have started to develop in Q2 2018, not only in Manila, in other developing countries that this has been applied even to some traditional markets. The use that is quite easy and efficient is very beneficial for both parties

Of course. What do you think? In more technology developed countries like Korea should be more advance when it comes to payments too. The news is just part of how fast the Philippines is turning into a cashless country. Lazada and Shopee are also getting more popular especially this Christmas season.