30 Sep '15, 11am

India slowly waking up to the Bitcoin dawn and here's why by @goenkasandeep via @Entrepreneur

China does Bitcoin trade of Rs 1,000 crore per day. Globally,Venture Capitalists (VCs) from all over are close to pumping in a billion dollars of investment in Bitcoin companies this year. India was behind in Internet adoption, behind in eCommerce and was behind in the penetration of smartphones. And now India is behind in Bitcoins. The Indian Bitcoin industry today is where Bitcoin was globally in 2012. Users in India are only in tens of thousands and generate around Rs 300 crore worth of trade a year, which is just a fraction of the global Bitcoin ecosystem. But the times are changing now A bit of history first - Mahin Gupta started BuySellBitco.in, India’s first Bitcoin Company, in early 2013. Much to his annoyance, I call him the father of Bitcoins in India. Volumes on BuySellBitco.in grew as word about Bitcoins started spreading in India. Later, Gupta suspended tradin...

Full article: http://www.entrepreneur.com/article/251229

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