[2015-10-08] Bitcoin Boosts Number of Non-Cash Payments In Asia

[jdebunt]

http://digitalmoneytimes.com/bitcoin-boosts-number-non-cash-payments-asia/

Emerging and developing markets, such as India, for example, are warming up to the idea of using decentralized payment solutions such as Bitcoin and other digital currencies.  Looking at this from a financial point of view, India, together with China, are two countries working very hard to drive the growth of non-cash payments.  Only time will tell if this move will help foster Bitcoin adoption in both countries.

[1715061157]

1715061157

[1715061157]

1715061157

[aso118]

The title of this article is misleading.
Non-cash payments have definitely been increasing. That is because of the stage of development that these countries are in. They are slowly transitioning from cash payments to non-cash payments, with credit card payments growing significantly every year. Bitcoin still has only niche uses.