Terry  Tremblay

Terry Tremblay

1596637860

Could India's Remittance Sector Pave The Way For Crypto Adoption?

The historic judgement by the Supreme Court of India in March this year overturned the banking ban imposed by the Indian Central Bank RBI. The decision brought a lease of new life into the Indian crypto ecosystem where many were living in uncertainty for almost two years. The Supreme Court hearing not only helped the very few existing crypto startups and exchanges but also paved the path for many other entrepreneurs who were looking to start a crypto business outside India.

The overruling of banking ban helped exchanges to make it easier for customers to invest in cryptocurrencies by adding direct bank transfers and INR support. And the effect of the decision is visible today during the pandemic and countrywide lockdown where Indian exchanges have reported a 400% surge in trading volume.

The timely intervention by the supreme court surely helped the Indian ecosystem to come to the mainstream with several big firms like Binance, OKEx, Ripple and many more investing in Indian crypto startups. However, despite this boost, the Indian government still seems a bit passive towards the digital assets as rumours of a “parliamentary note” issued by the Finance Ministry asking for a blanket ban was the talk of the town only a couple of weeks ago.

Indian IT and Remittance Industry Could Further The Adoption

India is known as the IT outsourcing capital of the world and contributes 7.7% of India’s GDP and as per NASSCOM, the IT sector generated revenue of $180 billion in 2019. Given the rising demand for blockchain developers, smart contract developers and many similar IT needs of the decentralized space, India can not only add to the adoption cause but also help in building better solutions of tomorrow.

Even today, Indian crypto ecosystem has been representing the country’s potential in the decentralized space despite the uncertainty over its regulations. Some of the prime examples of Indian crypto startups which have had quite an impact in the decentralized space include

Matic: a blockchain scalability solution provider focused on Ethereum blockchain.

WazirX: Indian crypto exchange which was recently acquired by Binance.

CoinDCX: Indian crypto exchange offering derivatives trading and also recently launched a blockchain learning platform.

Apart from these well-established exchanges and firms, there are numerous developers, content creators who work freelance for other firms due to the absence of awareness and well-regulated market. Regulations would not only help develop the crypto ecosystem but also lure more people to the ecosystem and offer a chance to these freelancers to working on native projects full time.

Apart from the IT sector, cryptocurrencies could also find a huge adoption through remittance services in the form of a medium of transfer and has a great potential given India is the world’s largest population outflow country, with more than 17 million immigrants in 2019. This means a large population of the country make use of remmitance services which comes at a cost at the moment.

#india #india-remittance #cryptocurrency #cryptocurrency-regulation #india-crypto #crypto-adoption #blockchain #fintech

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Could India's Remittance Sector Pave The Way For Crypto Adoption?
Terry  Tremblay

Terry Tremblay

1596637860

Could India's Remittance Sector Pave The Way For Crypto Adoption?

The historic judgement by the Supreme Court of India in March this year overturned the banking ban imposed by the Indian Central Bank RBI. The decision brought a lease of new life into the Indian crypto ecosystem where many were living in uncertainty for almost two years. The Supreme Court hearing not only helped the very few existing crypto startups and exchanges but also paved the path for many other entrepreneurs who were looking to start a crypto business outside India.

The overruling of banking ban helped exchanges to make it easier for customers to invest in cryptocurrencies by adding direct bank transfers and INR support. And the effect of the decision is visible today during the pandemic and countrywide lockdown where Indian exchanges have reported a 400% surge in trading volume.

The timely intervention by the supreme court surely helped the Indian ecosystem to come to the mainstream with several big firms like Binance, OKEx, Ripple and many more investing in Indian crypto startups. However, despite this boost, the Indian government still seems a bit passive towards the digital assets as rumours of a “parliamentary note” issued by the Finance Ministry asking for a blanket ban was the talk of the town only a couple of weeks ago.

Indian IT and Remittance Industry Could Further The Adoption

India is known as the IT outsourcing capital of the world and contributes 7.7% of India’s GDP and as per NASSCOM, the IT sector generated revenue of $180 billion in 2019. Given the rising demand for blockchain developers, smart contract developers and many similar IT needs of the decentralized space, India can not only add to the adoption cause but also help in building better solutions of tomorrow.

Even today, Indian crypto ecosystem has been representing the country’s potential in the decentralized space despite the uncertainty over its regulations. Some of the prime examples of Indian crypto startups which have had quite an impact in the decentralized space include

Matic: a blockchain scalability solution provider focused on Ethereum blockchain.

WazirX: Indian crypto exchange which was recently acquired by Binance.

CoinDCX: Indian crypto exchange offering derivatives trading and also recently launched a blockchain learning platform.

Apart from these well-established exchanges and firms, there are numerous developers, content creators who work freelance for other firms due to the absence of awareness and well-regulated market. Regulations would not only help develop the crypto ecosystem but also lure more people to the ecosystem and offer a chance to these freelancers to working on native projects full time.

Apart from the IT sector, cryptocurrencies could also find a huge adoption through remittance services in the form of a medium of transfer and has a great potential given India is the world’s largest population outflow country, with more than 17 million immigrants in 2019. This means a large population of the country make use of remmitance services which comes at a cost at the moment.

#india #india-remittance #cryptocurrency #cryptocurrency-regulation #india-crypto #crypto-adoption #blockchain #fintech

Aylin Hazel

Aylin Hazel

1648115675

Germany: 44% Will Invest in #Crypto and Join ‘The Future of Finance’

Germany was the first country to recognize #Bitcoins as “units of value” and that they could be classified as a “financial instrument.”

Legal regulation for the decentralized industry in Germany is ongoing. Now, 16% of the German population 18 to 60 are #crypto investors.

These people who own #cryptocurrencies or have traded cryptocurrencies in the past six months.

41% of these #crypto investors intend to increase the share of their investments in #crypto in the next six months. Another 13% of Germans are #crypto-curious.

They intend to invest in #cryptocurrencies too. Yet, only 23% of the #crypto-curious said they are highly likely to invest, with the rest remaining hesitant.

Mike doctor

Mike doctor

1624309200

4 Top Ways to Make Passive Income with Crypto (I Earn $2,685 per Month)

In this video, I’m showing you the 4 top ways to make passive income with cryptocurrencies in 2021. If you want to know how to make money with crypto, try out these 4 strategies that anyone can do! And make sure to watch until the end for a full explanation and walkthrough of how these methods work.
I personally made $2,685 passive income last month using crypto (previous months even more), and I wanted to reveal the best ways for you to do the same. Whether you have bitcoin, ethereum, litecoin, GUSD, or pretty much any other coin, you can make money. And even you currently don’t have any crypto, 2 of these methods will still work!

0:00 - Introduction
00:17 - Crypto Affiliate marketing (my strategies)
00:41 - Walkthrough of the Coinbase refer a friend program
01:38 - Walkthrough of the Coinbase official affiliate program
03:38 - Crypto lending using BlockFi (up to 8.6% APY)
04:21 - Walkthrough of BlockFi’s website and interest rates
06:34 - My BlockFi dashboard and earnings
07:43 - Bitcoin mining
10:14 - Staking
10:40 - Taking you through crypto.com’s staking rewards page
12:22 - How much I have made and outro
📺 The video in this post was made by Charlie Chang
The origin of the article: https://www.youtube.com/watch?v=58WKjp57TXs
🔺 DISCLAIMER: The article is for information sharing. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Not investment advice or legal advice.
Cryptocurrency trading is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money
🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
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Thanks for visiting and watching! Please don’t forget to leave a like, comment and share!

#bitcoin #crypto #ways to make passive income with crypto #$2,685 per month #4 top ways to make passive income with crypto (i earn $2,685 per month) #4 top ways to make passive income with crypto

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