Background

Google Pay, Amazon Pay and Phonepe Join RBI’s Digital Rupee Program Because Nothing Says ‘Central Bank-Backed Cryptocurrency’ Like Three Companies That Can’t Even Keep Your Money Safe

Crypto NewsDeFiNFTs 2 Kevin Nelson August 15, 2024

An illustration of a large piggy bank with three broken locks on it surrounded by scattered coins and bills while Google Pay, Amazon Pay, Phonepe logos are shown in shambles at its base. A faint image of the RBI's digital rupee logo is seen being blown away like autumn leaves as if carried off by an unseen force. In the background a subtle depiction of declining transaction volumes can be observed with falling graphs and dwindling numbers written on them, all set against a darkening sky that hints at impending doom.

In a desperate attempt to stay relevant, Google Pay, Amazon Pay and Phonepe are now scrambling to join India’s central bank-issued cryptocurrency (CBDC) program. Because what could possibly go wrong with these companies that have failed at everything else in the crypto space? They’ve got a proven track record of failing miserably – just look at their handling of customer data or how they charge ridiculous fees for transactions

Source: bitcoin.com

Google Pay, Amazon Pay, Walmart-Backed Phonepe Eye Entry Into RBI's Digital Rupee Program
https://news.bitcoin.com/google-pay-amazon-pay-walmart-backed-phonepe-eye-entry-into-rbis-digital-rupee-program
Google Pay, Amazon Pay, and Walmart-backed Phonepe are reportedly seeking to join India’s central bank digital currency (CBDC) initiative led by the Reserve Bank of India (RBI). Other fintech firms like Cred and Mobikwik are also seeking participation. These companies aim to facilitate transactions through the e-rupee. The initiative aims to boost transaction volumes by expanding access beyond banks to major payment platforms. Google Pay, Amazon Pay, and Walmart-backed Phonepe […]

Tagged as:

Share on

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

About the author

Kevin Nelson

Kevin’s foray into cryptocurrency trading was a full-scale disaster. His obsession with chasing trends and leveraging obscure assets led to a catastrophic loss of his entire life savings. Now, Kevin’s articles are a venomous mix of bitter humor and harsh reality checks, exposing the chaotic and treacherous world of crypto trading. His catchphrase: “I went from trading genius to broke fool in record time. Welcome to crypto—where the only thing guaranteed is your financial ruin.”

More posts

Previous

Next

You may also like

Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

We are the internet’s finest destination for poking fun at the wild world of cryptocurrency! We transform the bewildering jargon and frantic hype of the crypto market into a comedy spectacle that’s almost as volatile as crypto itself.

ABOUT
CONTACT
PRIVACY
IMPRINT
© 2024 Cryptobro Magazine
X-twitter