Despite being around for six years, Bitcoin and the appeal of virtual currencies as an investment option is yet to break ice with the tech-savvy in Hyderabad. Interestingly, investors in tier two cities and towns are furiously trading big money through Bitcoin, notes BTCX India, the only exchange in this part of the country, which ironically is located in the city.
Bitcoin is a virtual currency that can be used for trade. A record of all Bitcoin transactions are maintained in a public ledger called Blockchain.
http://www.thehindu.com/news/cities/Hyderabad/bitcoin-yet-to-catch-the-fancy-of-hyderabadis/article8208058.ece
