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Wednesday, July 5, 2017

India, Cash and Blockchain: Digital Payments Set to Surge in 2017

India, Cash and Blockchain: Digital Payments Set to Surge in 2017

86 percent of Indians say they will make digital payments this year, while the country’s digital payments market will be worth $500 bln by 2020.


Statistics reported by Quartz today show the fledgling sector, which benefited from India’s cash crackdown in November 2016, has enormous potential - and Blockchain could play a key role.


“Using Blockchain makes transactions secure, unhackable and transparent. It takes out the middleman, provides real-time online transactions, and data is safe,” Rajashekara Maiya, associate vice-president and head of product strategy at financial data giant Finacle, said in an interview with the publication.


Full story at http://bit.ly/2tJchzE


Source: CoinTelegraph


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