Topic: Crypto in Indian Economy? - page 4. (Read 459 times)
Possibly, most of them have finally experienced the things that they want. The transparency and the decentralized part of the crypto economy make it even better for everyone there, and they could maximize their earnings with it. It's the freedom everyone is capable of. A lot of technological enthusiasts live in India. They are geniuses when it comes to computers. So why are people surprised by this? I hope it's being used the right way.
How is it possible to raise so much awareness about crypto in a country so technologically and economically poor
Do you mean India is so technically and economical poor to raise crypto awareness? I doubt that to be true. India tops the list. crypto enthusiastic generation of India could build up the future Indian economy to prosper or will it adversely affect the country's economy?
If some Indians are holding bitcoin or other crypto and the price increase, it will help the economy because there will be more passive income. Not only that, local exchanges and other organizations related to cryptocurrencies will in one way or the other bring development to an extent in the country. According to the world bank, India is 13 poorest country in Asia.
Only 54% of indians have mobile phones and from which only 24% have smart phone.
Yet, India top the list. This is a bit off-topic, I understood that you quoted someone. Just that not crypto that made India most population to be living below poverty line.I think Indian officials don't know what they should do. They ban crypto then again unban it now they are saying they want to regulate crypto. I think they do not understand crypto very well and how they can be benefited from it.
They know what they should do, the Central Bank of India banned decentralized currencies, suit was filed against it and the Indian Central Bank lost. Then crypto was made legal again in India. This is what can happen in any country that are following democratic government. 
How is it possible to raise so much awareness about crypto in a country so technologically and economically poor
I don't think economically they're poor. Based on this link, they're #1 in GDP(PPP): https://en.wikipedia.org/wiki/List_of_Asian_and_Pacific_countries_by_GDP_(PPP)According to the world bank, India is 13 poorest country in Asia. They are even behind their small neighbor country Bangladesh. More than 68% of indias total population live under poverty whose daily wages is only 2$. 30% of them earned 1.25$ daily. Source Link.
Really brother, still you think India is not economically poor?
And based on this article for their technological stats: India jumps 2 spots to 46th rank in Global Innovation Index 2021
Only 54% of indians have mobile phones and from which only 24% have smart phone. Source Link.
It's almost half of the total population of the country.
will this current crypto enthusiastic generation of India could build up the future Indian economy to prosper or will it adversely affect the country's economy?
Honestly, every country that sees a great source for the living of their people and for the government, it's what's matters to them. But I'm more confused about the news that has become trendy there last year about RBI banning bitcoin.I think Indian officials don't know what they should do. They ban crypto then again unban it now they are saying they want to regulate crypto. I think they do not understand crypto very well and how they can be benefited from it.
Isn't India a country with a crap ton of technologically knowledgeable people? I remember back then; whenever I had specific problems with anything concerning programming(or tech stuff in general), there's always that one Indian dude on YouTube that has the solution lol.
Also, probably due to the desire to get out of poverty? Like how we also see significant adoption of crypto in places like Venezuela.
Also, probably due to the desire to get out of poverty? Like how we also see significant adoption of crypto in places like Venezuela.
How is it possible to raise so much awareness about crypto in a country so technologically and economically poor
I don't think economically they're poor. Based on this link, they're #1 in GDP(PPP): https://en.wikipedia.org/wiki/List_of_Asian_and_Pacific_countries_by_GDP_(PPP)And based on this article for their technological stats: India jumps 2 spots to 46th rank in Global Innovation Index 2021
will this current crypto enthusiastic generation of India could build up the future Indian economy to prosper or will it adversely affect the country's economy?
Honestly, every country that sees a great source for the living of their people and for the government, it's what's matters to them. But I'm more confused about the news that has become trendy there last year about RBI banning bitcoin.
India currently has the largest number of crypto users at over 100 million. Nowadays, crypto has become very popular among the young people of India and many of them are involved in the crypto business. How is it possible to raise so much awareness about crypto in a country so technologically and economically poor and will this current crypto enthusiastic generation of India could build up the future Indian economy to prosper or will it adversely affect the country's economy?
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