This is really interesting. Only about 5k+ people are involved in bitcoin in a country of 110 crore+ people and the governor of the central bank is talking about it.
Thanks for sharing it Sunny...
You're welcome. Just curious, what makes you believe that there are only 5k people involved in bitcoin in India? We (
www.unocoin.com) alone serve nearly twice as many customers. (And that number is growing exponentially!)
Don't quote me on this, but I feel that the number of bitcoiners in India could be closer to 25-30k, quite a bit higher than 5k. To your point, I still think it's very impressive that Mr. Rajan is speaking so intelligently about bitcoin, I have a ton of respect for him. Let's not stop here, let's all use this opportunity to educate the Indian public even further. Bitcoin truly has the potential to bank the unbanked (or unbank the banked), to reduce the cost of inward remittance by an order magnitude, and bring about micro-financing in a way never seen before. Let's not get left behind. The bitcoin movement is happening, each and every one of you can make a difference.
Just like how many Indian people were able to leap frog wired phone lines and go directly to mobile. Bitcoin offers us a similar opportunity, leapfrog traditional financial services and take part in one that is open source, decentralized, and as the smart student refers to it as: 'free banking'. Love it! Go bitcoin...