We would also love to see people be able to buy food from their favourite grocery store with bitcoin. Let's make it happen! Which grocery store should we approach? I'm guessing an online, nation-wide, grocery store may make the most sense. They could use Unocoin's merchant gateway to process their orders. By processing their orders through Unocoin, the business can have their clients' bitcoin turned into INR deposited into their bank account in less than 24 hours.
Let's get a list together of all the merchants we would like to see accepting bitcoin in 2015. I'll get it started...
1) Airtel
2) Flipkart
3) Ola
4) Cleartrip
5) ?
See here for more details:
https://www.unocoin.com/merchantsI would like to see companies like Bill Desk / Bill Junction to be added.
In one shot, you would be able to make any utility bill payment through bitcoins.
You wouldn't need to wait for Airtel to accept, then Vodafone to accept, then Idea to accept....
Edit - We seem to be digressing from talking about Raghuram Rajan's views. Other points can be discussed in separate threads.