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They want india understand if demonetisation and the surge in bitcoin prices are linked. Bitcoin Aman price January How many people do you think current bitcoin? And support team is also worst. I don't know whether i will ever get my money zebpay not. And now that the demonetisation drive is over, bitcoin growth in India will continue at the same pace.
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Your main focus has shifted to making money in every possible way you can. Trading terminal to buy and sell bitcoin or altcoin on major exchanges. Over the past week or so, the price of Bitcoin has been exploding across Indian cryptocurrency exchange platforms. I mean seriously so. How Can I Buy Litecoin?
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Crypto Market Cap is the best way to keep an eye on your investments. Jan 30, at At Zebpay, yes our trade volumes increased in November Amount deposited nothing credited in account. Visit website Email support zebpay. Not good, Trying to verify account.
Bitcoin Price Index - Real-time Bitcoin Price Charts
The timing clearly shows that it did not. If this is not convincing enough, then read on. Bitcoins price corrected downwards as spectacularly as it had gone upwards this week.
No one is sure why the prices went up post 20th December. Basically everything was going good in the bitcoin world and I guess the sentiments just kept improving which at some stage turned into a frenzy. The reason it has gone down though is sure. There are reports that the Chinese Central Bank is investigating Chinese bitcoin exchanges.
Obviously, that hit sentiments hard. In India, the story is almost the same with a small twist. The above is a 3 month bitcoin price chart. In fact, in the above chart also, there is no immediate surge in bitcoin prices post 8th December as was widely reported. Yes, in India the prices were at a premium above international prices but this is common. The premium on prices had increased sharply even in mid-June, which was the previous major bitcoin price rally. And as always, premium on Indian bitcoin prices shot up at that time too.
At Zebpay, yes our trade volumes increased in November But they also increased at the same rate in the past 12 months also. The last time we saw a major surge in our volumes was in June , the previous price rally. Yes, of course bitcoin interest in India has gone up since demonetisation. Through its mobile apps, Zebpay allows users to buy and sell bitcoins for Indian rupees, buy airtime top-ups, pay bills and buy Amazon vouchers. Zebpay is now looking for additional capital to fuel its expansion plans.
Although bitcoin adoption in India has had a slow start, awareness is growing rapidly. Bitcoin adoption has moved from attracting early adopters to attracting other segments "like young professionals and HNIs [high net worth individuals]," he said. They are also using it for online shopping, airtime top up, paying bills and buying gift vouchers.
We believe India will see an explosion of bitcoins in the next two years. One particular area where bitcoin could have a significant impact is remittances. For small amounts especially, users end up paying up to fifteen percent in fees to companies like PayPal, Western Union or to banks through transfer and exchange rate fees. Bitcoin makes it extremely easy to send a small remittance back home.
Financial inclusion is another area where Bitcoin and mobile technology could have a positive impact by allowing rural populations and the underbanked to access basic financial services. In addition to Zebpay, companies like Coinsecure have been finding success both in the remittance market and in reaching out to this segment of India's population.
India is perfect as a society to be at the forefront of developing a vibrant cryptocurrency economy. Although bitcoin may hold promise for developing markets like India, the digital currency has proven to be a challenge for "non-geeky regular people.
We are always looking for talented writers to join our team.