Published on August 29th, 2015 | by bitcoin0
Bitcoin virtual currency gaining ground in India, see how – Economic Times
But bitcoin is gaining converts — even in India, where there are many regular users.
“Moreover, with the Digital India initiative, money is bound to become virtual.”
With market estimates of 30,000 users in India and transactions of about Rs 200 crore a year, the digital currency is being used for purchases and long-term investments.
It gained in value steadily, peaking at about $1,100 per bitcoin in November 2013, then sliding – to about $227 now.
“In India presently, bitcoin companies must be doing a fraction of this volume in a year.”