The world around is moving at a faster pace, so there needs to have a change to the economy and the things revolving around it. India is one of the countries which was developing, but now into a stage of a developed country. The economy of India had different strategies in using and storing money. But now a different technique has come up, that is, the use of Bitcoin.
This idea was already launched and adopted by many countries. It was first decentralized in the year 2009 and since then it has been quite popular. Cryptocurrency is being encouraged by all because we are living in a world where everything is digital. In order to keep up with the pace, it is necessary that India also starts adopting Bitcoin and be open to a variety of changes regarding it.
Many people are hesitant when they think of things or ideas which are totally new or out of the box. It is necessary that many understand the importance of the usage of Bitcoin. It needs to be boosted in India, to reach the economy to a higher level. There are many reasons due to which Bitcoin should be promoted.
Independent and Secure
First and for most is that it could be trusted. This is because it is stored in a public ledger and is encrypted. Also, these cryptocurrencies are decentralized, making it a sole owner. The user is not answerable to anyone, to the government or any public to the matter. All the information would be stored properly, thus making this a trustworthy one.
Irradicate Black Money
Then another reason is that due to this cryptocurrency idea, black money or fraud money could be avoided and detected correctly. As already mentioned above, the transactions and so on are created in a public ledger and before making it secure, it is checked properly. This avoids in black money and so on because it is fully secured and locked.
When most of these issues are solved, the next question that arises in most people’s minds is if it would be stolen. Bitcoin is online, that is, it is digital and so the chances of being stolen or anything is very less. But still, there are hackers who can get access and then leading to a situation where the money could be stolen.
But with this cryptocurrency, this problem can be solved because it is unhackable. It cannot be hacked and a track of transactions are checked. This is done in order to make sure that is only the owner who is using the money and so on.
Easy to set up
This cryptocurrency can be set up easily too. It is just simple, internet and a bank account is all a person needs to start with Bitcoin and to experience the world of the digital economy.
Hence, start doing a little by little to bring a change to the economy because of it those small changes which bring a huge change to the world itself. You can even start buying or selling bitcoin at Flitpay.