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.
RE: On India’s Growing Appetite for Blockchain
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On India’s Growing Appetite for Blockchain
Great point. Also, for countries with unstable currencies, crypto makes sense!
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