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Bitcoin is likely to break a new record soon if the Indian angle pans out well. But will it?
There are indications that China, the leading Bitcoin market, will be faced with stiff competition from India’s burgeoning market.
India’s payment landscape has mirrored four major global shifts that demonstrate the country’s huge potential for exponential growth in the next four years.
The trading volume coming out of China is suggested to correlate with the price of Bitcoin. The influence of Chinese Yuan has shown itself especially in the second half of the year 2016.
A new report from the World Economic Forum predicts that the Blockchain will occupy a central place in the global financial system.
Another disruptive technology powered by the Blockchain is set to completely eliminate the outrageously high cost of remittances to Africa.
In 2016, Blockchain technology is explored by governments more and more. But bureaucracy remains a key factor in how soon this disruptive technology will become adopted.
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