Yes I follow the India situation very closely. It will be nice if we can bypass banks altogether. If blockchains start offering jobs directly and paying in cryptocurrency we can start unbanking the citizens of the world and cut out the fiat middle man.
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Blockchain technology have potential to modify all the banking system with more fast transaction and in cheaper way.. But the government can't get any profit from it.. So they never accept this technology..
I disagree. I think cryptocurrency is smart money. Just like smart phones, they are good and useful for everyone.