E-Commerce is Booming in India, Bitcoin is the Future
This is the year that eCommerce will see big development in India. Morgan Stanley Research reports a 50% increase from last year. They rank India as the 10th largest economy in the world, with a forecasted GDP growth of around 5.5%. The National Payments Corp of India is projected to make e-commerce dealings easier by enabling micropayments and person-to-person payments. They will use a unified payment interface (UPI). In India, this UPI is one of many innovations taking place in the financial sector that will benefit the customer, and will help make India a cashless society, says Reserve....
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India is one of the world’s biggest booming economies, and e-commerce seems to be taking center stage in the lives of everyday consumers. At the same time, Bitcoin acceptance in the country is seeing an uptrend as well. Even though Bitcoin might not make a major impact in the world of e-commerce in India just yet. there are some benefits to using the frictionless virtual currency when dealing with live goat sales. This experiment comes at a very opportune time, as the muslim community around the world will be celebrating Eid-al-Adha today, which involves sacrificing livestock and sharing....
Transparency is playing an ever-important role in the daily lives of consumers, as well as businesses. More and more services are being offered in a decentralized nature, which increases the need for transparency even further. India, a country where e-commerce is booming, and Bitcoin adoption is on the rise, is trying to solve the logistics issue plaguing business in every corner of the nation. Logistics is a nightmare for most businesses because they all rely on a central point of failure. Even though logistics is spread out over multiple truck drivers and cargo freighters, as soon as one....
The financial turmoil wreaking havoc throughout the world is leaving most countries trying to figure out where to go from here. One country that is not encumbered by any of these issues is India, as they are gaining a lot from other countries’ issues. Low oil prices and a growing interest in the Indian stock market paint an interesting picture of how this corner of the world might be getting ready for a financial revolution. Why India Is Booming. It may sound rather strange in this day and age, but India is one of the very few countries where the economy is growing. Even though the local....
According to a local media source, crypto trading in India is on the rise. This comes as the Indian government is mulling over a ban on private digital currencies, which they say is necessary to protect investors. But, based on the rising popularity of local crypto exchanges, it appears that people remain unfazed. India Proposes […]
E-commerce is a growing trend all over the world, and competitors in this space have to stay on their toes at all times. Flipkart, the e-commerce leader in India, has unveiled its plans for going app-only, rather than making special deals accessible on its website or even in a mobile browser. Only time will tell whether or not more e-commerce giants will....