sarfy (OP)
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May 31, 2016, 10:31:39 AM |
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Will Bitcoin be ever accepted as a currency in India (I mean like in stores and all that) ?
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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sarfy (OP)
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May 31, 2016, 10:40:47 AM |
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Pkzone
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I2VPN Lead developer.Antidote to 3-letter agencies
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May 31, 2016, 12:44:14 PM |
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I hope does, fiat doesn't need to be replaced that soon anyway.. |
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bitcoinisfurture
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May 31, 2016, 06:27:39 PM |
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Not sure if they will. Firstly depend upon the clarity of what future holds in for crypto currency in our country. Many would be uncertain about its future due to which they would restrict themselves to the normal currency.
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btvGainer
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June 01, 2016, 11:43:48 PM |
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Not sure if they will. Firstly depend upon the clarity of what future holds in for crypto currency in our country. Many would be uncertain about its future due to which they would restrict themselves to the normal currency.
Cryptocurruncy has great future but it will not make fiat completely obsolete in near future.Maybe in 2-3 decades but not now |
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Divinespark
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June 02, 2016, 04:53:23 AM |
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It's possible but only if it manages to be the invisible, enabling technology rail. Too much visibility early on will be a net negative for mainstream adoption in India.
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mynameisdon
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i am don(ripper's big daddy).i clean scammers.
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June 05, 2016, 05:58:43 PM |
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thanks for that.information is helpful hope butcoin will be need of every Indian citizens. merchant also accepting bitcoin in india like epaisa.so really its good day coming for bitcoin. |
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philiveyjr
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June 05, 2016, 08:19:26 PM |
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It's possible but only if it manages to be the invisible, enabling technology rail. Too much visibility early on will be a net negative for mainstream adoption in India.
Early on ? I think a lot of people already have had an introduction to bitcoin, but unfortunately its a negative view of it eg. being used by hackers or ransonwares. It can get accepted in the stores, but I doubt it as alternate payments systems would probably appeal more to people . |
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erikalui
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June 05, 2016, 09:10:26 PM |
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Zebpay is an online app but there is no other option except Zebpay which can help us to use bitcoins offline. Most bitcoin debit cards have too much fee and it becomes too expensive to spend bitcoins. Like steam, microsoft and other big websites having bitcoin payment options, I hope flipkart/snapdeal too start accepting bitcoins. Atleast paytm/mobikwik can have such an upload option available.
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btvGainer
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June 05, 2016, 09:36:15 PM |
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It's possible but only if it manages to be the invisible, enabling technology rail. Too much visibility early on will be a net negative for mainstream adoption in India.
Early on ? I think a lot of people already have had an introduction to bitcoin, but unfortunately its a negative view of it eg. being used by hackers or ransonwares. It can get accepted in the stores, but I doubt it as alternate payments systems would probably appeal more to people . I dont agree that indians have negative view about bitcoin.Mostly it is ignorance and partly the risk factor that prevents them from using bitcoin.Indians usually prefer to go for tried and tested investment options.Bitcoin volatility makes it less impressive to many indians |
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philiveyjr
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June 05, 2016, 10:26:04 PM |
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It's possible but only if it manages to be the invisible, enabling technology rail. Too much visibility early on will be a net negative for mainstream adoption in India.
Early on ? I think a lot of people already have had an introduction to bitcoin, but unfortunately its a negative view of it eg. being used by hackers or ransonwares. It can get accepted in the stores, but I doubt it as alternate payments systems would probably appeal more to people . I dont agree that indians have negative view about bitcoin.Mostly it is ignorance and partly the risk factor that prevents them from using bitcoin.Indians usually prefer to go for tried and tested investment options.Bitcoin volatility makes it less impressive to many indians Most of the people I have spoken to about bitcoin might not have a negative view, but have heard only negative things about it. Most of us also believe in anything that we hear on the news and let it affect our views about it. |
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polynesia
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June 07, 2016, 12:55:37 AM |
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Will Bitcoin be ever accepted as a currency in India (I mean like in stores and all that) ?
It will take time. I think Bitcoin will have to succeed as an online currency, before stores start thinking of accepting Bitcoin. If your question pertains to something like the image below, it will take a long time.  |
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bitcoinisfurture
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June 08, 2016, 05:00:50 AM |
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If it happens as per above pic anytime in future then certainly a new revolution is coming on its way  |
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dashingriddler
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June 08, 2016, 07:31:30 AM |
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Will Bitcoin be ever accepted as a currency in India (I mean like in stores and all that) ?
It will take time. I think Bitcoin will have to succeed as an online currency, before stores start thinking of accepting Bitcoin. If your question pertains to something like the image below, it will take a long time. We have a product to promote this kind of bitcoin acceptance - refer to http://unoco.in/posRegards |
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camohitmishra
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June 16, 2016, 06:44:09 AM |
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Bitcoin doesn't hav its Payment Processor. So despite its popularity I dont believe it will be accepted. However,t here is another promising coin which has already built its own Payment Processor. The name is ADZcoin. It has a huge infrastructure to back the coin, including a socila network with around 1lac members already, a Payment processor, online wallet, an browser extension, a coupon code site, an Internet Marketin Forum among others. I hav tried to explain the concept in brief at http://freedomwithmohit.com/can-you-achieve-financial-freedom-if-you-get-free-lifelong-targeted-traffic/ |
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xavier77
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Xavier
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June 16, 2016, 06:50:30 AM |
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Sure it will. There is a website called HighKart which allows you to buy via bitcoin. Again, Amazon, being a top e-commercial website will soon add bitcoin as an option for payment. Bitcoin is really popular and simply needs to be acknowledged worldwide. Many Indians, being tech savvy are already aware of Bitcoin. In a period of 3-4 years, I believe Bitcoin will be officially accepted.
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Poornimagoswami
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July 05, 2016, 10:51:03 AM |
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Sure it will. There is a website called HighKart which allows you to buy via bitcoin. Again, Amazon, being a top e-commercial website will soon add bitcoin as an option for payment. Bitcoin is really popular and simply needs to be acknowledged worldwide. Many Indians, being tech savvy are already aware of Bitcoin. In a period of 3-4 years, I believe Bitcoin will be officially accepted.
Are you sure that Amazon is gonna add bitcoin as a payment option soon? |
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xavier77
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Xavier
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July 05, 2016, 11:30:45 AM |
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Sure it will. There is a website called HighKart which allows you to buy via bitcoin. Again, Amazon, being a top e-commercial website will soon add bitcoin as an option for payment. Bitcoin is really popular and simply needs to be acknowledged worldwide. Many Indians, being tech savvy are already aware of Bitcoin. In a period of 3-4 years, I believe Bitcoin will be officially accepted.
Are you sure that Amazon is gonna add bitcoin as a payment option soon? yes,I am. I personally mailed them |
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Poornimagoswami
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July 12, 2016, 11:24:15 AM |
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Sure it will. There is a website called HighKart which allows you to buy via bitcoin. Again, Amazon, being a top e-commercial website will soon add bitcoin as an option for payment. Bitcoin is really popular and simply needs to be acknowledged worldwide. Many Indians, being tech savvy are already aware of Bitcoin. In a period of 3-4 years, I believe Bitcoin will be officially accepted.
Are you sure that Amazon is gonna add bitcoin as a payment option soon? Well That would be great If amazon starts accepting bitcoin as a payment method.  |
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