THE SCOPE OF ADOPTING BITCOIN IN INDIAN MARKET

It’s a need of the hour to analyze the present scenario of Bitcoin adoption in India and the scope of its acceptance by techno-savvy Indian market as well as consumers

In the wake of recent Bitcoin theft of more than $60m, which was stolen from Bitfinex, one of the world’s largest digital currency exchanges in Hong Kong, has again created an atmosphere to rethink and redesign the desired framework necessary for fixing the threat issues associated with the Bitcoin and Blockchain technology. 36 www.dqindia.com

Moreover, industry experts still have huge faith in Blockchain technology as well as in digital currencies and so the companies using cryptography for their ledgers are ready to work aggressively while providing best IT solutions by leveraging the technology. This incident would act as an alert for the Indian industry also to look forward in the direction of creating highly secure and convenient system that could flourish the cryptocurrency market as