Indian government is “evaluating” the possibility of issuing a state-backed cryptocurrency, sources have told local news outlet Quartz India on Wednesday, Oct. 10. An unnamed “senior official” has told Quartz that the government has set up a panel that will discuss questions regarding cryptocurrencies and blockchain. While, according to Quartz’s source, the government is looking Read More →

  Direct selling, also known as multi-level marketing (MLM), network marketing, or referral marketing, has become an extremely popular sales model across India in the last few decades. Unlike its retail counterparts, in direct selling, products are sold to consumers through demonstration, usually at the consumer’s home or office, and not at a retail outlet. Read More →

  Zebpay, the largest cryptocurrency exchange in India, today announced the closure of its activities. On 28 September 2018 Zebpay said that it will be shutting down its operations. This move comes five months after the RBI banned banks and registered financial institutions from providing any service to crypto exchanges. The Finance Ministry, earlier this Read More →

Despite the flurry of bad news hitting cryptocurrencies, the latest survey reveals that consumers and investors remain optimistic. Indeed, they are considering more digital currency purchases within the next 12 months. Moreover, according to the survey, implementation of projects involving blockchain technology continues to grow. SURVEY SAYS: A GROWING DEMAND FOR CRYPTOCURRENCIES A series of Read More →

blockchain

For India to realize its goal of a $5 trillion economy by 2025, it must adopt blockchain technology for international remittances. Remittances from non-resident Indians (NRIs) are vital to the everyday livelihood of tens of millions of people in India to pay for things like food, rent, and other necessities. They also make up a Read More →