The launch of Lakshmi will only strengthen the position of cryptocurrencies in India. India has such a large potential marker for cryptos with highest number of internet users. Lakshmi gonna make people aware about a whole new monetary system. Since India is already trying to build a cashless society. This will gonna boost it. Moreover, many Indians are living in foreign countries, they will be benefited by this move. Also, because of China's ban, India who is arch rival won't do the same and ban Bitcoin, rather will work like Japan, a friendly country. So all in all the launch of Lakshmi gonna boost the crypto marker in india.
Right. China commies beeing pretty much surrounded. Unless counting in Russia, too. And comparing India against China, and Japan against Russia. Honestly from size and numbers this isn't looking all to good. That
https://www.coindesk.com/russia-likely-ban-bitcoin-payments-deputy-finance-minister-says/And there is no country with higher cultural affinity to gold than india, to my observation. And they are probably the only country on earth who banned paper bills over night last year. Just imagine that! At least try to remember.
That is just the wrong hope looking at the outer rims of the economy. Bitcoin either makes it in the heart of the united states, for everyday purchases like pizza, or fails.
