RE: Bitcoin will not ban In India : You will use crypto as a payment in google pay | 3speak Crypto Talk

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So, Bitcoin payments are possible using google pay in India?

hive-148441
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yes soon it will be available on google pay and samsung pay. 😃 They will provide inbuilt crypto wallet in google pay..

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(Edited)

I feel that Government won;t allow this, first there has to be a crypto regulation before such things happen, look what happened to Libra that too in a more crypto friendly country like USA.

I can't comment on this, I have to check news, but Government was keen on introducing Digital rupee right?, They have fear that BTC will replace Rupee and people are wanting BTC to hoard against rupee's fall in value too, I think.

However, without regulatory guidelines made clear, no company will be confident in introducing such things here.

Weather we require BTC payment for goods and services?... not sure, unless its proper BTC is according to me not good for payments, because transaction fees are high.

BTW, Pakistan has made crypto currency holding legal and State is using funds to establish Bitcoin mining farms it seems. They said that Pakistan economy is ruined so Government looking to BTC. I have that decrypt article somewhere.

My concern is - harassment of Indian crypto hodlers, and they will surely impose lot of tax since this Govt. is fearful of crypto although they want Blockchain technology.

Let's see... atleast Government is looking to finanlise a stance on crypto. They can't deny that many crypto exchanges are already here, providing employment and Wazirx has collaborated I heard with funding blockchain technology startups and all ever since last year where that ban was removed on crypto.

Plus,,, Matic that layer 2 solution is a Indian Blockchain company right...its kind off too late to ban crypto for India.

But I am not sure this Government won't ban crypto despite all that...but lets see.

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I feel that Government won;t allow this, first there has to be a crypto regulation before such things happen, look what happened to Libra that too in a more crypto friendly country like USA.

I am agree with this and Libra is the best example of it. However, still i have little hope because they are going to provide inbuilt wallet in google pay and you can see the userbase of android so there is a hope.

I can't comment on this, I have to check news, but Government was keen on introducing Digital rupee right?, They have fear that BTC will replace Rupee and people are wanting BTC to hoard against rupee's fall in value too, I think.

Crypto is a technology so sooner or later they must have to accpet it because they can't save themselves from crypto Because There is no way to do it.

BTW, Pakistan has made crypto currency holding legal and State is using funds to establish Bitcoin mining farms it seems. They said that Pakistan economy is ruined so Government looking to BTC. I have that decrypt article somewhere.

I don't know about it But as far as i know crypto is banned in pakistan. I am not sure about it so may be this is true that you said.

My concern is - harassment of Indian crypto hodlers, and they will surely impose lot of tax since this Govt. is fearful of crypto although they want Blockchain technology.

They want blockchain technology but they don't like the decentralization in crypto

But I am not sure this Government won't ban crypto despite all that...but lets see.

I am hoping for the best. I like the example of LIBRA that you given. Actually, LIBRA wanted launch own currency that's why not only india but many countries opposed it. But there is a different situation in google pay case.

Thanks for your lovely and valuable comment.

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