• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
Breaking News: How Uniswap Was Deployed On The Binance Smart Chain
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: How Uniswap Was Deployed On The Binance Smart Chain
Indians

2,500 People Investing Bitcoin y Single Day Despite RBI Warnings

newsbtc by newsbtc
6 years ago
in Bitcoin
Reading Time: 2 mins read
Advertisement

India remains a critical region for Bitcoin adoption right now. Even though the local central bank advises consumers are cautious when dealing with Bitcoin, consumers are disregarding the warnings. In fact, it appears nearly 2,500 people invest in Bitcoin every single day. That is a rather surprising number, although it may only be a hint of things to come. Things are looking quite good for Bitcoin in India, that much is evident.

To put this story into perspective, the numbers related to the ZebPay exchange. The company mentions they add about 2,500 people every single day. This does not mean they are all active users, though. However, it does highlight a growing demand for Bitcoin in India, which is a positive development.  ZebPay has always been one of the more popular Bitcoin exchange platforms in the country. It does not appear that the situation will change anytime soon.

India Is An Important Region For Bitcoin And Cryptocurrency

Such a significant growth should not be overlooked by any means, though. Albeit 2,500 users per day may sound like nothing, it is quite impressive regardless. Some companies struggle to even get to 2,500 users in total. India is a key region for Bitcoin and cryptocurrency, that much is certain. Moreover, it also appears a lot of people are downloading the company’s mobile app, which is good news. Mobile finance is quite popular in India after all.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

The Reserve Bank of India remains a bit cautious of Bitcoin. In fact, the institution has warned consumers multiple times about using virtual currencies. Bitcoin and other currencies are not issued by the central bank, which makes them a risky investment. Then again, other types of traditional investments are not more or less risky by any means. The RBI can’t control Bitcoin, which will always remain a big problem in their opinion.

This news comes at an interesting time for cryptocurrency overall. With a lot of money pouring into Bitcoin, digital assets, and tokens, it is evident things will only get better from here on out.  As more and more consumers grow aware of what Bitcoin has to offer, demand will undoubtedly increase over time. These are very exciting times for cryptocurrency in general. India continues to see impressive growth, and other regions around the world show more interest as well. It will be interesting to see how the ecosystem looks a few years from now.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Tags: bitcoinBitcoin Newsindiazebpay
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
newsbtc

newsbtc

Related Posts

Bitcoin

Bitcoin CME Gap at $28,000 Filled, But Correction Risk Looms

12 hours ago
Bitcoin

Bitcoin Shows 35.8% Weekly Gains: Why This Means The Top Is Near

13 hours ago
Bitcoin To $30,000? Fed Unveils New Tool To Bailout Non-US Banks

Bitcoin To $30,000? Fed Unveils New Tool To Bailout Non-US Banks

1 day ago
Bitcoin Market Dominance Hits 9 months High as Altcoins Turn Red

Bitcoin Market Dominance Hits 9-Month High As Altcoins Turn Red

2 days ago
Bitcoin Bull

Bitcoin Bullish Signal: NUPL Is Forming A Golden Cross

3 days ago
Bitcoin

Analyst Warns: Bitcoin Price Surge Above $26,000 Could Trigger Volatility Eruption

3 days ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
Coinplay

Coinplay

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

Orbits vs. dydx and gmx: Pros, Cons, and Horizontal/Vertical Comparisons

March 21, 2023

Weekly Recap: BTC Gains 35%, USDC Depeg Wreaks Havoc, Swords of Blood Presale Goes Live

March 21, 2023

Play-to-Own: Crypto Gaming is Taking a New Direction with Swords of Blood

March 21, 2023

Ten Teams Join Southampton FC’s Future of Football Challenge

March 21, 2023

Aave News Points To Head Of Development In Search Of AI Solutions – Avorak AI Proves Itself In ICO Phase

March 20, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins
  • Play Finance

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.