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Aleksey Muratov: Volume of Bitcoin transactions in India exceeds $ 14 million this year

According to the data of Indian Bitcoin market and provider of Zebpay wallet, the volume of transactions on purchase and sale of cryptocurrency most probably exceeds $ 14 million this year.

It was announced by Chairman of the Board of the International Public Movement Change the World Together Aleksey Muratov.

Aleksey Muratov refers to the statement of one of the founders of Sandeep Goenka company, which he gave in an interview for DNA India. "According to the representative of Zebpay, this month the company has reached the level of 500 million rupees. However, only in November the trade turnover amounted to 100 million rupees. According to forecasts, by the end of this year indices of this stock exchange will come to billion rupees, but at the current rate (1 INR = 0.015 USD), we can talk about the sum of $ 14.7 million," Chairman of the Board of CWT said.

He also noted that at the present moment the number of Zebpay application downloads has exceeded 200 thousand, that demonstrates the increasing growth of India people of to Bitcoin as an alternative payment method and investment instrument. "This interest in the digital currencies in India has led to the fact that in December the price of Bitcoin in this country grew by more than twice, and this is the best asset this year," Aleksey Muratov emphasized.

It should also be noted that the growth of interest in cryptocurrency in India became tangible after the monetary reform was carried out in the country. "The monetary reform and India government’s intention to prohibit the import of gold has led to the fact that people have more confidence in financial technologies such as Bitcoin. Now the people of India consider it quite an available way to protect their assets,“ Aleksey Muratov summed up.

Source: СWT News

  • December 28, 2016 3:42 PM MSK