Bitindia plans to add Litecoin apart from currently planned Ripple, Ethereum and Bitcoin
Sep 18, 2017 Posted / 6403 Views
Bitindia, is a platform which has been aiming for the mass adoption of blockchain and to make the reach for cryptocurrencies to each and every nook and corner of India. The Internet of money bitcoins, is soaring high with the prices, but India and the citizens, have to face issues related to the investments and purchasing them and same goes for other cyptocurrencies as wee. Sometimes, the problem is the high transaction fees or sometimes it is the difficulty related to the tricky procedures and also a lack of the trust factor. Bitindia, has the main objective to eliminate these kind of hurdles between the people and the procedures. The services provided by Bitindia will be mainly focused to provide a low transaction fees while the transactions made from a user, which will also aid to create a secure, instant and smooth experience. Bitindia has made the procedure very easy and efficient for the people, by which a user in just few clicks can get into the Crypto and blockchain world.
The Bitindia crypto platform has presently planned to facilitate people to make investments in Bitcoins and also in altcoins like Ethereum, Ripple. And to make advancements in the planning of the platform, Bitindia plans to add Litecoin to the lot of the cryptocurrencies which will be accepted on the platform as well.
Talking about Litecoin it was introduced in 2011 with the aim of being the 'silver' to bitcoin's 'gold'. Litecoin can hold a high volume of transactions because of its quicker block generation. It was in fact one of the first forks of Bitcoin. Litecoin creator, Charlie Lee, was a former Google employee and made Litecoin when he stepped into cryptocurrency. It is also very functional for the reason that it can be sent anywhere in the world instantaneously for very small fees. It is also one of the most popular cryptocurrencies, so it’s actually pretty simple to buy in contrast to many of the other small altcoins. By making the reach of such altcoins easy and broad, Bitindia is attempting to create a healthy environment for the users.
By making it uncomplicated and trustworthy in dealing with cryptocurrencies, Bitindia will surely make a big place for itself in the world's largest democratic country i.e. India, it aims to become a largest platform for crypto related investments and exchange. They plan to launch the crypto platform for exchange in 2018. The platform wants to move 20% population of India on blockchain and cryptocurrencies. It can be said that it is an ambitious step to increase the percentage of people using blockchain and cryptocurrencies, and bring around more and more population into blockchain, and providing a reliable platform, for blockchain and cryptocurrencies related trade in India. The process of mass adoption is still in progress but as the understanding of the technology increases, blockchain will surely enter the mainstream and adopted on a larger scale. Blockchain and cryptocurrencies can help in a great way to boost the economy, but their implementation is the initial challenge, before we see a mass adoption of the technology. Thus, Bitindia envisions to lessen the gap between the mass and the gen next technology of blockchain and cryptocurrencies.
Applancer is an open platform for discussion on all things like Blockchain , Cryptocurrency and Ico news updates. As such, the opinions expressed in this article are the author's own and do not necessarily reflect the view of Applancer .
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