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Bitcoin is drawing interest as an investment and store of value in India. Companies and high-net-worth individuals especially have begun looking to the cryptocurrency as a possible asset. Sandeep Goenka, CEO of India-based Bitcoin wallet Zebpay, explained to Business Standard that Bitcoin's deflationary nature makes it appealing as an asset class: “one can park money in the wallet in the hope that the value of bitcoins would go up.” Zebpay is one of several major players on the Indian Bitcoin scene; others include wallet Unocoin and trading platform Coinsecure. Goenka explained that Zebpay is currently seeing growth of 3,000-4,000 users […]
The post Corporates, HNIs Warming Up to Bitcoins as an Alternative Investment in India appeared first on CCN: Financial Bitcoin & Cryptocurrency News.