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BuyUCoin Listed Bitcoin Satoshi Vision In India: Report

Stefan by Stefan
05/10/2020
in Bitcoin SV News
2 min read
0
BuyUCoin Listed Bitcoin Satoshi Vision In India: Report
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BuyUCoin listed the Bitcoin SV coin in India according to the announcements which we are reading more in the latest Bitcoin SV news.

The Indian digital asset exchange BuyUCoin listed Bitcoin SV for trading in the country which is a sign that BSV is starting to be noticed, not only for its trading price but the actual utility it offers as well. The CEO Shivan Thakral said that he sees BSV as a cryptocurrency with many use-cases. It’s a little surprise that BSV had the ability to scale with the focus of micropayments as a use-case. They go hand-in-hand together with the capacity to handle bigger transactions while keeping low fees. Faced with thousands of transactions and processes per day, other blockchains are falling flat. The fees will become unaffordable as their mempools overflow so real business happened in the blockchain will be stopped.

bitcoin sv activity, BSV, event

Increasing the name recognition and acknowledgment that BSV does represent the original vision for BTC are key factors where exchanges decided to list the asset. As more exchanges join, it also a sign that the propaganda war that rages against BSV is having almost no effects in the real world as the people will take interest in it if they see the value. Digital assets received a lot of attention in India as the issues with the local currency saw a lot of people to look for alternatives. This led to the country’s Reserve bank effecitively banning crypto assets in 2018 but the central bank’s order was overruled by India’s Supreme Court back in March which prompted the blockchain to emerge.

ADVERTISEMENT

👉 Ban on #Crypto is becoming more debatable every day, As promised @buyucoin Launches its 1st Draft of the #Sandbox with

🛣️ 30-90 Days Roadmap
🧠 Framework
👐 Open-Source API Launch & Whitepaper
📃 Regulatory Setup Draft

Get your copy today! https://t.co/90a7Va0AX7#sandbox1D pic.twitter.com/d1Um6POPg5

— BuyUcoin (@buyucoin) October 2, 2020

BuyUCoin has been around since 2016 but it is not familiar to people outside India. It hopes to build upon the crypto ecosystem since 2016 and it’s one of the oldest exchanges with the core segment being the exchange itself. Apart from being an exchange, it gives services to blockchain companies in areas like tech architecture, tech development, real adoption and marketing. The CEO Said:

“We always try to include projects in our ecosystem that provide value to the cryptocurrency community in terms of their technology and their solution, and since BSV is also innovating and providing scalability to the current cryptocurrency ecosystem, hence that was the reason of listing them.”

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

Tags: Bitcoin Satoshi Visionbitcoin svbsvbuyucoinExchangeIndiaindia exchangeReport
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Stefan

Stefan

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.

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