Post
Topic
Board Economics
Re: A Public Market is Turning 'Cashless' in the Philippines
by
0t3p0t
on 18/12/2018, 09:59:30 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.
Well, yeah Philippines is a cryptocurrency friendly country and it is not far from happening that the government would allow such move not only being a cashless society under centralized currency but also with cryptocurrency as it has a lot more potential than fiat money. Good for the local government and the local community of that public market as they are now embracing technological advancements.