Bitcoin Gaining Popularity in India

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The digital currency Bitcoin is gaining popularity in India. There’s now a campaign to make it part of the country’s financial system. And a conference is being held in Bangalore to promote the advantages of virtual money. Al Jazeera’s Faiz Jamil reports from Bangalore.

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10 COMMENTS

  1. you don't even have to transfer the bitcoin to a phone wallet to move it out of the country .. just bung it in a Truecrypt encrypted volume and load it onto your preferred cloud storage (or use Bittorrent Sync) to download from wherever you like.

  2. Fiat is used in money laundering, funding of terrorist organisations and a plethora of negative things. Yes bitcoin could be used for illict actions but that is no different than the illict actions already funded by Fiat. The shutting down of silk road was one of the best things to happen to bitcoin, as trust was gained between users and it authenticated the true purpose of bitcoin.

    The time of excessive bank/exchange fees, restrictions of trade and restrictions of portability are over. Long live Crypto!

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