India’s Currency Ban Will Push Fintech and Bitcoin Adoption

India is fast apropos one of a many intriguing regions to keep an eye on. Now that a high description banknotes anathema has left into full effect, rising fintech players see a golden opportunity. At a same time, a Bitcoin cost continues to go adult in a region, as consumers re desperately looking for new assets.

India Is Emerging As A Bitcoin And Fintech Hub

Depending on how a financial conditions in India evolves over a entrance weeks, fintech and Bitcoin enthusiasts will come out as a biggest beneficiaries. Banning high description banknotes and replacing them with others has caused vital debate in India. As a outcome of this decision, a lot of consumers, investors,  and traders are looking for cashless solutions. Preferably digital assets, if that would be possible.

India has dual reigning e-wallet providers in a form of Paytm and Freecharge. But do not bonus MobiKwik and Oxigen, as both companies are tighten to securing a Chinese investment deal. E-wallets are apropos even some-more renouned than ever before in a country. Any craving charity such a use will attract unfamiliar investment supports in a entrance months.

To put this banking anathema into perspective,

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