Why Is India Leading In Crypto Adoption?
Countries in Asia, especially India, are outpacing the rest of the world when it comes to adoption of cryptocurrencies. A recent analysis of the markets by the research firm Finder has found that the top five countries in terms of crypto ownership are all located in Asia. Though these countries were considered as unimportant earlier, […]
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Much is said about crypto adoption and how we, as hodlers, will be on the right side of history. And while regulators, U.S ones especially, have been trying their damndest to derail the revolution, data compiled by TripleA shows a positive trend with crypto adoption, especially in many developing nations. With that, India, despite their […]
Blockchain analytics firm Chainalysis has published its 2022 cryptocurrency adoption index. Vietnam, the Philippines, India, and China are among the countries with the highest crypto adoption. While the overall adoption slows worldwide in bear markets, it “remains above pre-bull market levels,” the firm said.
Chainalysis’ Latest Cryptocurrency Adoption Index
Chainalysis published an excerpt of its upcoming report titled “2022 Geography of Cryptocurrency” Wednesday. It highlights the company’s 2022 Global Crypto Adoption Index, which....
As India recovers from the announcement of the banning of two of its biggest banknotes, a new mining pool, GBMiners, is attempting to fill a gap in the country with the adoption of bitcoin. With over 250 million people unbanked in India and as the world’s largest inward remittance market, which received just under $70 billion in 2013, India represents a prime location for bitcoin adoption. As bitcoin has grown in popularity throughout the years, the Indian market has gladly jumped on board with the likes of Indian bitcoin exchanges Zebpay and Unocoin, illustrating that bitcoin’s growth in....
India has emerged as a leading global player in the Web3 market, a new report by Nasscom states. Web3 investments in the country grew 37 times from the start of 2020 to Q1 2022 and $1.1 trillion in Web3 economic value is projected to be added to India’s GDP by 2032. India Emerges a Leading Global Player in Web3 Market Nasscom published a report titled “The India Web3 Startup Landscape: An Emerging Technology Leadership Frontier” Wednesday. Established in 1988, Nasscom is a non-profit industry association for the technology sector in India. The organization has more than....
While it is doubtful Bitcoin will replace the need for physical currencies anytime soon, it complements the existing financial ecosystem quite well. The status of Bitcoin in India has been relatively unsure for quite some time now. Even though the country can benefit a lot from cryptocurrency in their e-commerce and m-commerce sectors, adoption rates were still low. But things are changing in a positive manner as of late. With about 50,000 Bitcoin users in India, things are looking better than ever. To put these numbers into perspective, of those 50,000 Bitcoin enthusiasts, close to 30,000....