Indian Bitcoin Buying Reaches $985 as Exchanges Push for Adoption During Demonetization
As demand for bitcoin increases in India, Unocoin, a prominent Indian bitcoin exchange has developed and launched its mobile application wherein users will be able to buy, sell, send or receive and store bitcoin, via their smartphones.
Available on both iOS and Android, the launch of the mobile applications comes during a time when India is still crippled by the ongoing demonetization drive enforced by the government, a move which rendered nearly 90% of the country’s cash in circulation useless, overnight.
Interest in bitcoin as a store of value, away from the influence of an authority, has never been higher in India. Demand for bitcoin is driving buyers to obtain the cryptocurrency at soaring premiums. The cost of buying a bitcoin through Unocoin, at the time of publishing, is ₹67,718 INR (approx. $985.27 USD).
https://www.cryptocoinsnews.com/indian-bitcoin-buying-reaches-985-exchanges-push-adoption-demonetization/
