India Inc India Inc: Wednesday, 13 September 2017 07:06

Blockchain eyes India growth

India has become one of the fastest growing markets for digital currencies like bitcoin following de-monetisation, according to one of the world’s leading software providers for crypto-currencies.

Blockchain co-founder and president Nicolas Cary told Indian media recently that India has became the fastest growing economy to witness a surge in the use of digital wallets in daily transactions post-demonetisation.

As part of its Indian growth plans, Blockchain has announced a partnership with Unocoin, a leading Indian crypto-currency platform.
Most users in India use the platform to make remittance payments, according to Cary.

He added: “It is so inconvenient today to use legacy transaction networks and legacy banks to do some basic things like send money from London to India. So, we are seeing a lot of adoption for that kind of thing as well.”

India Investment Journal’ has in-depth coverage on related topics.

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