Just a few years back, when India was busy implementing its internet pipeline, nobody would have ever thought that it would set an example with the world's highest number of internet users. India is one of the largest economies in the world and has started testing out centralized bank digital currency, the e-Rupee, to embrace blockchain technology in its complex financial structure.
Aspirations are high and Indians are willing to adopt CBDC as soon as they hit the retail markets after the trials. However, there are speculations that the Indian CBDC program can discourage crypto investors and force them to move towards centrally controlled blockchain currency. On the contrary, we can also hear voices supporting CBDCs as they can become the foundational stone of crypto investments in India.
In this blog by CoinGabbar, we are going to explore both the above-mentioned perspectives and share with you a complete picture of the present blockchain scenario of the world’s most diverse country. Stay with us till the end to know what the future holds for the Indian cryptocurrency space.
What is E-Rupee?
E-Rupee is the digital form of Indian currency which is based on a blockchain network. It is a Central Bank Digital Currency (CBDC) that has been introduced to integrate blockchain technology into the Indian financial structure. Central Bank Digital Currency or CBDCs are the cryptographic tokens minted on-chain by a central regulatory authority (Reserve Bank of India, in this case) with a pegged value of that of the fiat currency of that nation.
Pollux Coin (POX) is a blockchain-based decentralized cryptocurrency that works on the TRON which is designed for the storage of data and file sharing where can keep the data more secure in the decentralized cloud storage without any third party interferences.
POX holders will have many benefits in the upcoming years.
This will result in an overall cost reduction for the customers.
Besides this, Pollux coin (POX) will also be used for mobile recharges, utility bills, and also other payment methods.How do traders buy, sell, and trade Pollux coin (POX) in India?Do you want to buy Pollux Coin (POX) with Indian Rupee (INR)?
Then “Koinbazar” would be one of the best crypto exchange platforms where you can buy, sell and exchange POX to INR safe.
Koinbazar offers an instant INR deposit option that helps traders to deposit funds instantly and start trading comfier.How to buy Pollux Coin with INR from Koinbazar?Here's a step-by-step procedure for users to buy POX with INR from Koinbazar.Step 1:Visit the Koinbazar website.Step 2:If you are already a registered user, choose 'SIGN IN' at the top right corner of the website to log into your account.
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