404 Page not
 found.The page you were looking for does not exist.You may have mistyped the address or the page may have moved.If this problem persists, Contact Us.The expression, ‘Rome wasn’t built in a day’ is a proverb attesting to the fact that the creation of great things need time.And that’s certainly the case when it comes to developing a bitcoin ecosystem in India.And yet, one man it setting out to do exactly that.CCN caught up with Amit Bhardwaj, entrepreneur, investor, and dreamer in India, who is paving the way for bitcoin adoption in the country.Since the early days of his career, Bhardwaj has spent a significant amount of time working on the backend systems of payment processors.It is through this exposure that has helped him to truly appreciate the beauty of blockchain technology in its early days.I could appreciate how blockchain was a fundamentally more scalable, reliable, and secure solution than the then, and even the present day, payment processing technologies used by some of the biggest processors and gateways in India and Russia.

It is this love of the technology, and the fact that he believes humans are extremely talented who, if given the right tools, can build things that overwhelm each of us that has fuelled his fascination for it.As such he has spent a considerable amount of time in his life participating in the building of the future of digital systems.This is exactly what blockchain and digital currencies do: they are wonderful agents of distribution of tools of creation, agents of massive reduction in information asymmetry, and agents of enhancement of liberty of choice.Since the introduction of the Internet over 25 years ago, it has had a massive impact on the day-to-day lives of people in developing and developed countries.Bhardwaj is of the opinion that the effect of the blockchain will have no less of an impact in the next 15 years.As an early believer of bitcoin and blockchain in India – who, in 2013, built an online retail marketplace, HighKart, India’s first ecommerce website accepting bitcoin – Bhardwaj has championed many first-generation entrepreneurs in the country.

One of his investments includes the largest bitcoin mining pool based in India, GBMiners, which is attempting to fill the gap in the country with the adoption of bitcoin.Bhardwaj said it was down to the enthusiasm of the founders that was the deciding factor of investing in the company.The speed at which they were able to grasp the technology and add up miners has only solidified my faith in the team.He adds, that GBMiners provides an alternative investment opportunity for the Indian blockchain enthusiasts, which he believes they will be able to succeed at.With the company garnering plenty of interest from potential miners across the country, Bhardwaj thinks it will unintentionally help to bring bitcoin to the Indian market.That, however, is not all.Soon to be launched is a digital currency bank, where according to Bhardwaj, apart from it being a secure wallet, it will also offer interest on customers’ bitcoin and altcoin deposits.I am also launching, Satoshi Studios, south east Asia’s first blockchain incubator by the end of this week.

Also in the pipeline is Bitcoin GrowthFund, a global fund to invest in seed and Series A blockchain startups.When asked where he thinks bitcoin and blockchain will be in India in the next five to ten years, Bhardwaj states he has a reputation for optimism among his team members.He adds, though, that people tend to overestimate what can happen in a year or two, but then underestimate what can take place in eight to ten years.litecoin current worthI find it believable to be living in an India, where a significant percent of the population is able to conduct at least ten percent of their daily transactions in digital currencies, and a parallel economy exists supported by an ecosystem of products built by companies you and I haven’t heard of today, run by extremely bright kids presently in school or college.ethereum per blockThis is a sponsored story.bitcoin wallet github

According to a recent Google and Boston Consulting Group BCG study, India's digital payments industry will grow to $500 bln by 2020.The key trends mentioned in the study present a viable opportunity for Bitcoin adoption to grow in the world’s second most populous country.The study includes the prediction of a ten times growth in merchant acceptance network by 2020, payment-driven consumption and not the other way round, and non-cash payment transactions overtaking cash payments by 2023.bitcoin börse deutschlandIndia’s payment landscape has mirrored four major global shifts that demonstrate the country’s huge potential for exponential growth in the next four years.bitcoin escrow systemThe shifts are the ongoing digital and technology revolution which has led to increased penetration of smartphones and internet on mobile; entry of several non-banking institutions that offer payment solutions; customers becoming more demanding and expectant for instantaneous one-touch payment solutions; and progressive changes in regulatory framework.ethereum index fund

As a result, the authors of the study say they expect the digital payments space to witness disruption very soon based on certain key trends.For Kumar Gaurav, head of Cashaa peer-to-peer marketplace that connects cash senders with cryptocurrency traders, making Bitcoin - or any cryptocurrency - popular in India is the most needed by the industry right now.He says in a chat with Cointelegraph: “At this stage, any initiative to make Bitcoin or any cryptocurrency popular in India is very good news for Cashaa or for any marketplace which runs on cryptocurrency.Bitcoin exchanges are a very important member of our economy and they help to maintain liquidity in the market.” Gaurav’s statement comes in the wake of Coinsecure’s launch of its real time mobile trading application for Android.Coinsecure, an Indian Bitcoin exchange, introduces the app that is ideally for active traders on-the-go to target India's ever growing mobile user base.“I see it as an addition of a brick to the Indian Bitcoin ecosystem towards building a huge market which we all are hoping for in India.

I am very happy with the OKcoin and Coinsecure initiative which is helping to move slowly in positive direction, especially for Cashaa which holds a potential for having high volume due to P2P nature and needs a much more bigger ecosystem which India does not have and we all need to build it.” From its desktop web platform, the Indian exchange sees the move to a mobile app for multiple devices as the next step in bringing Bitcoin to India and meeting Indians’ demands.This is the first real time an android trading app that allows for BTC to INR and INR to BTC in India.Coinsecure CEO Mohit Kalra, sees the new trading app as an opportunity to put a disruptive technology like Bitcoin in the hands over 190 million smartphone users in the country.Coinsecure’s efforts will complement Indian Bitcoin wallet service provider Zebpay’s which is set to secure a $5 mln funding round by October 2016 from prominent US-based venture capital firms.Startups like Zebpay have been tapping into the dominant remittance market based on the limitations of traditional banking services, an increasing number of workers and millennials seeking cheaper alternatives for remittances and payment settlement services.