Banking penetration in India is at 80+% mainly due to DBT pushing straight to ba... | Hacker News

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		captn3m0 on May 30, 2021 \| parent \| context \| favorite \| on: It's time for us in the tech world to speak out ab... Banking penetration in India is at 80+% mainly due to DBT pushing straight to bank accounts. India’s smartphone penetration is at 41%. All exchanges in India require a Savings Bank account for Fiat transfers. How are these unbanked people meant to use crypto really?

onelastjob on May 30, 2021 [–]

You don't have to use an exchange to acquire cryptocurrency. People can use sites like localbitcoins to exchange cash for crypto in person.

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