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 68 days ago

Why Use Bitcoin, When We Have UPI, Asks Entrepreneur Vivek Wadhwa

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Commenting on this phenomenon, Vivek Wadhwa, entrepreneur and distinguished fellow, Harvard Law School, Labor and Worklife Program told Inc42, “If you look at how Bitcoin has fallen again, you can see that it isn’t the safe harbour that its hypesters had claimed. Invest In UPI, Not Bitcoin: WadhwaCommenting on the regulatory confusion over cryptocurrencies in India, Wadhwa said,If I could advise the government on this, I would call for a ban Bitcoin and its kin. However, accepting the fact that digital currency is the future and need-of-the-hour, Wadhwa added that India’s Unified payments Interface (UPI) technologies are the most advanced in the world. He said the government must invest more in UPI payments and other digital payments and encourage people to move to this, rather than crypto. So a move to digital currency is imperative, Wadhwa added.

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