Why You Should Invest Bitcoin India

Why You Should Invest Bitcoin India

Should You Invest Bitcoin India?

In this article, we’re going to discuss why you should invest Bitcoin India as soon as possible. Quite recently, the Indian state of Andhra Pradesh opened up to the public about a project involving blockchain in order to keep citizens’ personal information safely. This move comes after India failed to deliver the Aadhar Card project, an identity card specifying information about a citizen. The Indian government got a lot of backlash since the project cost a lot; money which could be diverted to the country’s poor. However, with Wisekey, the Andhra Pradesh (AP) government seeks to deliver a foolproof system of keeping citizens’ information securely. The project will also allow people to share their personal information on demand, whilst being encrypted on the blockchain.

Although the AP government is very keen on introducing this project as fast as possible, we aren’t expecting a total legalization of cryptocurrencies.

Why you Should Invest Bitcoin India

If this project is to be successful, we can expect many more such blockchain projects collaborating with the government. This is an unprecedented situation since a developing nation is now accepting the benefits of blockchain technology to solve an issue. We will be able to see a rise in interest in cryptocurrencies in the nation. As of now, one of the largest mining pools, GBminers, is based in India. There’s also a growing community of Bitcoin enthusiasts and entrepreneurs. We can definitely expect the Bitcoin community to grow if the project is successful. I believe that this may be the catalyst to the Indian population accepting cryptocurrencies and blockchain projects.

Since India is a nation made up of 1.3 Billion people, there’s a need for large amounts of data to be processed. The blockchain revolution can change that; and can make it easier for large businesses to maintain ledgers and keep information securely. It will also become easier for people to access that information, since it’s kept in the public eye.

What’s the Safest Way to Invest Bitcoin India?

We could see a huge rise in prices much like what happened when the Asian markets were introduced to Bitcoin since we can expect the Indian population to purchase Bitcoin and other cryptocurrencies. That’s why we suggest you to Invest Bitcoin India; you could see large profits in the next few months. We suggest people to Invest Bitcoin India using Coinbase. The platform is quite intuitive and easy to use, beginners who are adventuring into the world of bitcoin will find it’s very informative and reassuring. The platform has been a standard in the industry ever since it came out.  Moreover, it has many security measures in place in order to secure your bank credentials and your online wallet. The website was already pretty secure, now setting a new standard in the industry.

Check out our article on how to invest in Bitcoin using Plus500, a CFD service.

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About Article Author

Michael Serrano
Michael Serrano

Michael is an engineer and a bitcoin evangelist. He has been involved in cryptocurrencies since 2013. His biggest wish? 1 billion users of bitcoin, ether and litecoin by 2020. In the last 10 years he has worked for various early-stage start-up as a back-end developer.

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