Post
Topic
Board Economics
Re: A Public Market is Turning 'Cashless' in the Philippines
by
Chikitita2004
on 25/01/2019, 21:54:58 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.
Good news. Better like that than suffer loses most of the time from thieves and illegal racketeers. Thieves and dishonest sales people  are often taking advantage of their costumers which results to big loses in their part and creating trauma/fear as well which make them oftentimes suspicious of people they are dealing with.