India according to me, has the best potential for Bitcoin, once the scaling issues has been sorted out. India has one of the highest unemployment
stats and some of the poorest people on this planet. They NEED cheaper transaction fees and fast global micro transactions. They have huge
informal markets and will benefit a lot from Bitcoin, WHEN the scaling issues have been resolved.
What you have to offer will be beneficial not only for India. It would be beneficial for all. But I do not see the possible solutions to the decline in prices for microtransactions. The miners do not want to lose profits. And the worst part is that they don't want to negotiate. We've all seen their attack on bitcoin.
It is indeed a solution for micro-transactions. How? All the big exchanges in India provide service of internal transfer where person can send money to other users without actually creating transaction on Blockchain. It is simple account-to-account transaction with zero fees and instant transfer.
When more and more exchanges open in a country, larger userbase which currently using international wallets or exchange solutions will turn to local exchanges. When majority is using such exchanges, exchanges can come mainstream as a payment gateway with option of internal transfer and people can use that as merchant service and send/receive payment instantly.
This is 6th major Bitcoin Trading platform in India in my knowledge, hence Bitcoin gonna have bright future in India. Welcome to next superpower of Crypto world.
