Bitcoin is Booming in India as ‘Digital Gold’ Among Other Underlying Benefits
Bitcoin is gaining a lot traction in India. Bitcoinist spoke with Sunny Ray, co-founder of India’s Bitcoin exchange UnoCoin, to better understand what is fueling this growing trend in the country. Bitcoin Goes Mainstream in India. Bitcoin is going places. After conquering China and catapulting it to the front line of Bitcoin’s trading and mining sector, it is now starting to get traction in other countries like Japan and South Korea. Now, Bitcoin is also showing signs of a growing adoption rate in India, a country that has been deeply impacted by the demonetization policies implemented. A....
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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 […]
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....
Bitcoin is taking off around the world. Specifically, there is much potential for growth in Southeast Asia, in particular in a nation with the second largest population in the world: India. I had the privilege of speaking with Sunny Ray who is active in the Bitcoin community in Bangalore, India, Nilam Doctor, CEO of Real Bitcoins, and Harsh Patel, proactive member of the Bitcoin Foundation Education Committee who is located in Mumbai. The Bitcoin community in India is continuing to expand. Sunny Ray is currently involved in theunocoin project and serves as an integration partner with....
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....