Post
Topic
Board Economics
Re: A Public Market is Turning 'Cashless' in the Philippines
by
UchihaRukawa
on 19/12/2018, 10:40:55 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.

I think this is a great news for all the Filipinos, having this kind of upgrade to better the method of payment is just a great help for everyone not just in the Philippines but to all the earth, I have seen one kind of this scan to pay method in malls and some restaurants and hopefully it would just go to even simple stores in the streets, the security that you dont need to be worried that your money will be stolen from you will be gone and you can just go everywhere carrying nothing but your phone.