The post Indian Autodriver Accepts Cryptocurrency Payments Indicating Market Rise Outside of US appeared on BitcoinEthereumNews.com.

Cryptocurrency adoption has peaked in the last few years, with nations acknowledging the technology more and more with time. Now, with trillions in market cap, it is among the most favored forms of investments among most age groups. Even the Government and local banks that have been against this technology are slowly turning to acceptance. One prime example is Goldman Sachs revealing Bitcoin ETF holding, which is shocking for many. Now, this tide of crypto adoption has reached India as an auto driver seen accepting cryptocurrency payments. Indian Autodriver Accepts Cryptocurrency Payments India, known for its rich heritage, cuisines, and multi-culture, has become a crypto follower. This revelation comes after India had the biggest crypto adoption, per Hindu reports. However, the local Bengaluru auto driver endorsing cryptocurrency payments despite the Indian government imposing a heavy crypto tax is the new highlight. India, a country in South Asia, has the highest crypto adoption, but the country has also imposed a heavy crypto tax of 30%, one of the highest in the world. However, the adoption has not stopped. The news got in the limelight when someone posted an image of the crypto ride, which has a white paper facing the clients reading, “We accept cryptocurrency.” Bangalore, which is known as the Silicon Valley of India, has been a hub of tech lovers. And now, crypto’s hype is also visible on the roads. Nevertheless, this is not something new, and many similar incidents of crypto payments accepted by locals are in the news every other day. When India is progressing towards crypto adoption, the discussion of Kamala Harris firing Gary Gensler has become a prominent appeal in the US. This becomes more noteworthy as Harris and Gensler both are known for their criticism of cryptocurrency. As the US presidential elections are on…

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Filed under: News - @ August 19, 2024 11:24 pm