I don't understand , I live in india and here we can use UPI like google pay and phonepay to easily pay money within seconds and a touch and no extra cost or transaction fees is taken . But when i try to ay with bitcoin like 1000 ruppes i have to pay around 120 ruppes in fees to get the transaction done in 10minutes . So for a order of 1000 i have to pay 1120 ruppes and also wait for 10minutes for the transaction to be done .
So why is bitcoin or any other cryptocurrency more reliable or disruptive if it cant even help me in paying a simple small amount . Can somebody lease elaborate what i am missing here . Thanks in advance
You do have a point there but note that your way of transaction is very limited compared to Bitcoin. Also, bitcoin transactions can help the identity of the sender to be hidden. Bitcoin is commonly used in the Dark/Deep web to make illegal transactions. I think if you use Google Pay or PhonePay in the Dark/Deep Web will just expose your identity and may lead you into prison. Bitcoin also is great for making huge transactions like thousands or millions of dollars. Google Pay or PhonePay will probably put a hold on your transaction. There are so many differences between them and both have pros and cons. It is up to you though on how you use your digital funds and where you are going to use them for.