Tag Archives: underbanked

Price tripled in 1 year: why you should hold bitcoin

Bitcoin price is nearing its all-time high price of $1,277, maybe because of the impressive growth within the Japanese bitcoin industry. Read here why you should hold bitcoin.

Experts argue that bitcoin price will increase consistently in the mid-term if Japan and the US sustain their growth and if small markets such as India will decide for a massive change related to bitcoin regulation.

Bitcoin price drove by India and Japan

India has always been considered the more important Bitcoin markets because of its poor banking system.

Right now, in fact, 40% of India population can be defined as “underbanked“.

The greatest part of people in India cannot rely on banks and financial institutions to manage their funds.

Recently, the demonetization of 500 and 1,000 bank notes decided by the Indian government led to a national financial crisis, as banks and ATMs ran out of cash to dispense, so Indian citizens cannot obtain cash for their daily basic needs.

Also, PwC explained that 233 mln Indians didn’t have any access to bank accounts since October of 2015 and 43% of adults in India made no deposits or withdrawals in any banks or financial institutions.

Bitcoin hold: why?

Bitcoin exchanges in India – such as Zebpay and Unocoin – began to see a huge growth in their user base and trading volumes.

One key factor that would allow the Indian Bitcoin industry to grow at a rapid rate similar to China, South Korea and Japan is the legalization of Bitcoin.

Bitcoin regulation in India should arrive this summer, according to recent press releases.

This way millions of new users would emerge, and Bitcoin price will rise in the mid-term.

That’s why you should hold bitcoin and store them in a safe place.

Open your bitcoin wallet here on the HolyTransaction multicurrency wallet. You can store more than 10 digital currency within the same account, so it is very easy to manage.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio

Infographic: Who Are The Under Banked?

HolyTransaction Infographic - Who Are The Under Banked?

Open your free digital wallet here to store your cryptocurrencies in a safe place.

jorge