Could India And Africa Be Launching Sites For Bitcoin? | PYMNTS …

It’s not nonetheless a holidays, though it’s roughly Diwali, a Hindu festival of lights, a wise thesis for today’s bitcoin news. Diwali lasts for 5 days commencement Oct. 20, and splendid lights, colorful decorations and fireworks symbol a occasion. The Indian people applaud by lighting diyas and candles around a home, seeking boundless blessings from a enchantress of resources and exchanging gifts, such as gold coins.

But on a some-more blurb note, Indians are approaching to spend as most as $1.7 billion online during a run-up to Diwali, according to RedSeer Consulting. And bitcoin purveyors and exchangers are eyeing an rising eCommerce marketplace in India that competence offer a right components for traction.

No warn afterwards that, after Walmart disclosed that it was negotiating with Flipkart Ltd., India’s eCommerce leader, Amazon, is also opposed for a tip mark forward of a Diwali selling season. Bloomberg settled that Amazon is spending $5

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