Demonetization is Leading to Another Catalyst for Bitcoin Demand and Prices

India’s economy is making swift progress towards the digitization of money. Whilst this is great news, as they are keeping up with technological advances globally, India is faced with consequences surrounding the weak infrastructure, lack of internet access, smartphone devices and weak financial technology that is necessary for online payments. According to Credit Suisse, over … Read more

India’s rupee restrictions are boosting demand for bitcoin

Indian Prime Minister Narendra Modi’s decision to withdraw 500 and 1000 rupee notes from circulation has sparked interest in bitcoin among India’s consumers. Following last week’s announcement that the notes were no longer legal tender, sales volumes for bitcoin increased on several exchanges for the digital currency, according to The Hindustan Times. The announcement by … Read more