As an Indian Bitcoiner returning home recently, I found myself using UPI digital payments repeatedly for everyday spending. Given the difficulty of getting cash change and vendors needing to keep the card machines, UPI is often the only payment option.
While I'm huge on censorship-resistant, private, and decentralized money, Bitcoin and UPI's convenience are hard to ignore. UPI processes over 14 billion monthly transactions across over 450 banks with no fees.
So, even as a Bitcoiner, I can't see most Indians ditching UPI to start using Bitcoin lightning en masse for day-to-day payments anytime soon, apart from Bitcoin circular economies.
Maybe down the road, privacy concerns or currency devaluation could drive Indians toward Bitcoin payments. But for now, UPI has too much momentum and network effect.
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