Rupee Out, Bitcoin In: How India Could Become New China

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Indian interest in Bitcoin has skyrocketed following sudden rupee reforms, revealing serious potential to challenge major markets including China.

Also read: India Becomes No.2 Bitcoin Amazon Buyer Amid Rupee Shake-Up

India Bitcoin Searches Spike as Rupee Falls

Bitcoin.com reported Thursday on India’s government withdrawing the country’s two highest-value banknotes, supposedly in a bid to curb corruption.

The notes are already worthless, but Indians appear to be losing rather than gaining faith in the rupee.

Citing Google Trends searches for ‘buy Bitcoin,’ cofounder of Indian startup Unocoin Sunny Ray unearthed a startling reaction to last Monday’s decision.

Unocoin several months ago partnered with Purse.io to offer Amazon discounts to Indian customers. Thereafter, India

Read more ... source: TheBitcoinNews

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