Bitcoin Could Get a Festive Push in India
Diwali, the Hindu festival of lights, is soon upon us, but could this celebration filled with fireworks, decorations, and lights help boost bitcoin adoption in the country? On October 20, Diwali will, for five days, light up the skies as Indian people around the world celebrate the festival by lighting candles and fireworks to seek divine blessings from the goddess of wealth, Lakshmi. According to Bloomberg, Amazon is set to spend $5 billion to dominate India’s e-commerce in the run-up to Diwali. While RedSeer Consulting has stated that Indians are expected to spend as much as $1.7 billion....
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During this festive period in India, cryptocurrency exchanges will entice users to transact bitcoin rather than gold. This is a sequel to the commencement of this year’s Hindu celebration, the Ganesh Chaturthi, which commenced a few days ago. Indian-based crypto exchanges have commenced active measures in attracting more users and investors. The plan is to […]
Indians exchanges are urging locals to buy and give Bitcoin during the upcoming holiday season. To celebrate the holiday season in India, cryptocurrency exchanges are looking to lure retail traders by launching aggressive marketing campaigns and giving away crypto.For this year’s Hindu holiday season, which kicked off on Sept. 10, crypto exchanges are encouraging citizens to choose Bitcoin as a gift instead of their traditional choice this time of year – gold.Sathvik Vishwanath, the co-founder of the popular crypto exchange Unocoin, told the Economic Times that if approached right,....
Indian bitcoin exchange Unocoin is ramping up its fervent push for bitcoin adoption in India. A new partnership with San Francisco-based bitcoin payments company Bitwage will see Unocoin integrated into the payments platform, enabling India-based workers, employees and businesses to receive wages from foreign businesses faster and at better rates. “For instance, an employee receiving $1,000 USD sent to India could receive 70250.00 INR with Bitwage, far more than an estimated 64481.60 INR through Paypal or approximately 65660.00 INR via Citibank India,” claim Bitwage and Unocoin. Bitwage....
The government of India has taken the initiative to push for overall technological development of the country. The Prime Minister of India recently announced the launch of Digital India Week to introduce information technology to every individual household in the country. Introduced in a corporate event, the initiative was received with great enthusiasm by who's who of Corporate India. In response to the announcement, the corporate community showed its support by pledging close to $71 billion on the very first day. The pledged amount will be used for various technology ventures which can....