Cash Ban the Best Thing to Happen to Indian Digital Payments

Re:Cash Ban the Best Thing to Happen to Indian Digital Payments by jaypaulynice on Wednesday November 23, 2016 @06:17PM (#13026584)

But what happens when there is a major disaster? How will people pay if there is no internet/electricity etc.? At least with cash you can plan ahead...also what are the poor people to do?

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Re:Cash Ban the Best Thing to Happen to Indian Digital Payments by swatkat on Wednesday November 23, 2016 @06:29PM (#13026669)

I guess the linked Bloomberg article doesn't make it clear?

Cash hasn't been banned in India. Only ₹500 and ₹1000 denomination currency notes have been scrapped. Replacement currency notes (₹₹500 and ₹2000) with new design are being disbursed at banks and ATMs. It would take few more days to stabilize, that's all.

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Re:Cash Ban the Best Thing to Happen to Indian Digital Payments by jaypaulynice on Wednesday November 23, 2016 @06:49PM (#13026762)

Thanks! I was responding to the comment by saying that banning all cash wouldn't be necessarily good...but yeah the article does make it sound like all cash would be banned...

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Re:Cash Ban the Best Thing to Happen to Indian Digital Payments by photonwins on Wednesday November 23, 2016 @06:19PM (#13026603)

People can still use lower denomination notes you know.

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