On India’s Growing Appetite for Blockchain

in cryptocurrency •  7 years ago  (edited)

There is more room for Blockchain technology to grow in Asia’s second largest economy, India.

Great article. India is ahead of the curve!

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https://cointelegraph.com/news/on-indias-growing-appetite-for-blockchain

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Thank You!

Indeed, I heard there was issues with fiat not long ago, blockchain is the answer !

The indian government banned 500 and 1000 rupee bills in November 2016. According to this article the cash market is about 30% of the indian gdp. If they replace it with digital cash that would mean a serious increase and use case for cryptocurrencies maybe in the near future.

Great point. Also, for countries with unstable currencies, crypto makes sense!