Solving Bitcoin Liquidity Issues in India
Benson Samuel is the CTO & Co-Founder of Coinsecure, a start-up focusing on solving the liquidity problem of bitcoin in India. Following a career in the payments space, Samuel realized that cryptocurrency could solve many of the issues that plagued the industry and took an instant liking to bitcoin. With his newfound passion for bitcoin, Samuel found a critical problem early on, which was the lack of liquidity for bitcoin in the Indian market. This eventually led to the founding of Coinsecure- a bitcoin exchange which hopes to make bitcoin a part of every Indian’s wallet. CoinTelegraph:....
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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....
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Bitcoin activity in India has been on the rise over the past few months, and a new partnership between bitcoin exchange, Unocoin, and payroll service, Bitwage, may help that growth continue. This new partnership is designed to allow freelancers or employees in India to receive a better rate on the payments they receive from outside the country. Freelancers in India have already been taking advantage of the better rates they get by telling their employers to pay them via Bitcoin rather than PayPal, and Bitwage has the potential to make the process of getting paid via Bitcoin much simpler....
Following suit behind a number of other governments, the Reserve Bank of India (RBI) has issues a public advisory regarding bitcoin, making citizens aware of the potential financial, legal, and security risks behind the digital currency. The advisory came to their conclusions following "examining the issues associated with the usage of virtual currencies" in comparison with already-established legal and regulatory framework. "The creation, trading or usage of virtual currencies including Bitcoins are not authorised by any central bank or monetary authority. As such, there is no established....
User experience has been a longstanding problem in cryptocurrency. Early adopters have accepted many issues that just don’t exist in traditional financial markets, including friction with onboarding, slow block confirmation times, and exchange outages. However, perhaps one of the most significant UX issues for cryptocurrency traders and investors is liquidity. The cryptocurrency markets are heavily […]