Post
Topic
Board India
Re: What is bitcoin being used for?
by
aizzaku
on 27/02/2016, 05:16:17 UTC
there are hardly any merchants that accept bitcoin in India. The only true initiative I have seen is by ZebPay to really expand the ecosystem. They have been sincerely trying to get merchants aboard.

the only other business seems to be bitcoin exchanges which was absolutely necessary. Now that people have a way to acquire bitcoins, what next?

I really don't see the future or a plan of Bitcoin in India. I wonder what people are using Bitcoin for? as an investment?


Hi newtocryptocurrency, i wonder why did u start with crypto currency when there are hardly any uses in India right now ?

The answer to this is what you are looking for. People will eventually start knowing the pros and cons and weigh them against fiat, and if they find it better they will implement it.

Even if right now companies are not accepting bitcoins they will eventually once their is clarity from RBI.

we need to have patience. And people who are already into bitcoins should take the initiative rather than waiting for something to happen.