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No one in India uses it for that purpose. UPI is significantly better than anything crypto has come up with. Crypto is purely a gambling vehicle in India
by cuteboy19 5y ago
No one in India uses it for that purpose. UPI is significantly better than anything crypto has come up with. Crypto is purely a gambling vehicle in India
- boda11 5y agocan you send money to another country using UPI? if you can probably it uses swift under the hood crypto currency network replaces swift which is a more cumbersome system with higher price and delay of days to send money between countries
- cuteboy19 5y agoSo instead of one exchange rate you would need to deal with two. Not to mention the risk of the crypto in question being insanely volatile. Remittances are huge in India but no one really uses crypto for this purpose