India, once touted by experts as the world’s next economic superpower spot, is facing decline and extremely high unemployment.
CNN just reported India’s economic growth fell from 7% to 5.6% in the last six months, and alarmingly, Head of the Center for Policy Alternatives in Delhi and former official at India’s finance ministry Mohan Guruswamy quoted as saying, “We’re on a downward spiral.”
Cryptocurrencies, like Bitcoin and Dash, already a preferred form of payment in many countries facing hyperinflation and political turmoil, have emerged as a viable alternative for everyday Indians. Cryptocurrencies resist the fluctuations of mainstream currencies like the Indian rupee because they are not controlled by a central bank or government.
Read more at https://www.valuewalk.com/2017/10/digital-currencies-india-gdp/
My 2 cents: no transaction should be anonymous
CNN just reported India’s economic growth fell from 7% to 5.6% in the last six months, and alarmingly, Head of the Center for Policy Alternatives in Delhi and former official at India’s finance ministry Mohan Guruswamy quoted as saying, “We’re on a downward spiral.”
Cryptocurrencies, like Bitcoin and Dash, already a preferred form of payment in many countries facing hyperinflation and political turmoil, have emerged as a viable alternative for everyday Indians. Cryptocurrencies resist the fluctuations of mainstream currencies like the Indian rupee because they are not controlled by a central bank or government.
Read more at https://www.valuewalk.com/2017/10/digital-currencies-india-gdp/
My 2 cents: no transaction should be anonymous
No comments:
Post a Comment