Totality Corp CEO explains why India is still largely untapped for NFTs
Despite a strong emphasis on “social status” in India, holding a Bored Ape Yacht Club NFT there isn’t impressing anyone. Despite ranking as one of the highest adopters of cryptocurrency among emerging markets, the majority of the Indian market is yet to embrace nonfungible tokens (NFTs).In an interview with Cointelegraph, Totality Corp Founder and CEO Anshul Rustaggi explained that social and cultural barriers, as well as anti-crypto regulations, are holding back NFTs from mass adoption — particularly in some of the lower-tier cities in the country. India has a population of 1.38 billion....
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Barry Silbert and his Bitcoin Opportunity Corp. is at it again. This time around, Silbert is reported to have invested a whopping $250,000 in a Bangalore, India-based bitcoin start-up called Unocoin. It's one of a few investments Silbert has made in recent history in the sector, which includes $250,000 in Mexican bitcoin exchange Volabit, and another $250,000 in Swedish bitcoin services company Safello. With interest in bitcoin and other digital currencies in India rising, it's prime territory for an investor. Not only for investors, though, it's an excellent opportunity for the Indian....
Several new developments are pointing to India as being the next point of interest for the key digital currency Bitcoin. They are building on the untapped opportunities available to the country’s billion people. Surge in Internet use. India has overtaken the United States to become the world’s second largest Internet market, with 333 million users, behind China’s 721 million. Even though this is a positive development, the new report by the UN Broadband Commission for Sustainable Development also confirms that just six nations – including China and India – together account for 55% of the....
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....