Crypto is here to stay and will become a mainstream regulation in 5 years
Crypto is here to stay and will become a mainstream regulation in 5 years
The founder of PayTM, a large digital payment company in India, is "very positive about crypto". Note that the cryptocurrency stays here to stay, He assumes that it will develop into a mainstream technology in a few years.
PayTM founder is "very positive about crypto"
Vijay Shekhar Sharma, the founder of PayTM, said on a virtual conference organized by the Indian Chamber of Commerce (ICC) on Thursday, PTI reported. He added that Krypto was the answer of the Silicon Valley to Wall Street.
PayTM is an Indian multinational technology company that specializes in digital payments. The company completed an IPO (IPO) last week. In his IPO application, PayTM announced that it had 337 million registered consumers and 22 million dealers.
Sharma said:
I am very positive about crypto. It is essentially based on cryptography and will be mainstream technology in a few years, like the Internet, which (now) belongs to everyday life.
The founder of PayTM admitted that cryptocurrency is currently being used speculatively and stated:
Every government is confused. In five years it will be mainstream technology.
Sharma believes that people will see what the world would look like without crypto. However, he emphasized that crypto would not replace state currencies like the Indian rupie.
The founder of PayTM also said that PayTM is introduced in the developed countries as soon as the turnover of his company exceeds $ 1 billion. "Now PayTM operates in a joint venture with a Japanese company Japan's largest payment system. Later we will go without a partner," he said.
At the beginning of this month, PayTM Chief Financial Officer (CFO) Madhur Deora announced that his company open for offers Bitcoin services if crypto-assets are legal in India.
The Indian government is currently urging cryptocurrency legislation. It is expected that a cryptocurrency law will be presented and adopted during the winter meeting of Parliament, which begins next week. The draft law provides for banning private cryptocurrencies with some exceptions. However, the bill was not published and there was Contradictions from India regarding the content of the content of the Laws.
What do you think of the comments of the PayTM founder? Let us know in the comment area below.
Bedy verification : Shutterstock, Pixabay, Wiki Commons