India is a huge market and a huge opportunity for Bitcoin companies. In India, Bitcoin can fuel both domestic commerce and the international remittance market. A significant part of India's population enjoyed good education and is wealthy as well. English language abilities are also good among these people. So the market offers relatively easy access for international companies.
Of course only a tiny fraction of these Fintech startups will survive. The best chances of survival will have those companies that are the most successful in quickly generating a significant user base. However the question remains if Fintech companies will have a long lifetime at all, because in case Bitcoin becomes the dominant payment system, the range of profitable services to offer will become very limited, because currency conversion will no longer be needed.
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Topic: [2016-06-13]India Witness Boom in Bitcoin And Fintech Investments (Read 313 times)
India Witness Boom in Bitcoin And Fintech Investments
Fintech is a booming industry all over the world, and those signs are becoming apparent in India as well. With most of the startups in the region focusing on payments, and over US$1.3bn invested over the past three years, things are looking good...
read more
Fintech is a booming industry all over the world, and those signs are becoming apparent in India as well. With most of the startups in the region focusing on payments, and over US$1.3bn invested over the past three years, things are looking good...
read more
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