Comments by "Frostie-Flake" (@PlanetFrosty) on "India's Fintech Success: Unified Payments Interface" video.

  1. The privacy preserving Lightning Network is very much more internationally universal and now available on many payments systems across the US. While it started as Bitcoin only, now USD is capable of being moved, exchanged or payments made.
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  2. As I’ve been dealing with a large telecom project in India and can assure you deep seeded corruption is only enhanced in India. The Indian protectionism has hurt India and a fiber to residence growth that was very impressive, even in poorest areas are now a shell of its former glory. This model is not necessarily good and this banking model is a privacy mess with new scams abounding. The new model of required bribes has only grown, sadly. Once again, India is more likely to be a regional outlier than international leader. Best and brightest Fintech are leaving in droves for Canada and US. In recent interviews “corruption” was sighted as the number one reason. I had high hopes, but no more, at least for now.
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  3. UPI is designed as a population control program and is a sort of CBDC without the other trappings. It’s actually worse than that the Digital ¥. It is, as you pointed out, a surveillance scheme. The totalitarian potential in India with its vast corruption there will be a disaster for privacy. The recent telecom price hikes and mess created by regulators is going to create a host of issues.
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