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.
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.
🛣️ 30-90 Days Roadmap
👐 Open-Source API Launch & Whitepaper
📃 Regulatory Setup Draft
— 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.”
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