It is time for Bitcoin exchanges serving the Indian market to up their game or lose out on the little quorum of existing customer base. India is forecasted to be one of the largest Bitcoin markets in terms of potential. The country is still waking up to the Bitcoin revolution with a small percentage of population already using Bitcoin for transactions, remittances and also trading. Given a large promise shining in the immediate future, it is high time the Bitcoin Companies in India get to work, with enthusiasm and intensity each morning.
Bitcoin Exchanges in India, Homegrown and International
As the number of Bitcoin users continues to grow, the exiting handful of Bitcoin exchanges in India are still in the process of learning as they get bigger. While it is understandable for homegrown Bitcoin exchanges to grow slowly, but surprisingly big international players catering to the Indian market don’t seem to be doing any better when it comes to facilitating smooth exchange and transactions.
The ‘Indian Bitcoin Chain’ Is Only as Strong as the Weakest Link
The recent issue with Blockchain where miners ended up building upon invalid blocks after they failed to verify the blocks seems to have further compounded the issue. Currently India