Rupee Coin in the World’s Biggest Market
With the cryptocurrency explosion now stretching across the world, its impact is starting to be felt in many places that until recently were holdouts. With some countries adopting cryptocurrencies faster than others, markets that until recently were less developed are becoming future centers of crypto usage. The biggest growth in this still-early stage is likely to come from countries that are still a relatively untouched territory.
Of course, there are many places with excellent use cases for the cryptocurrency. From cross-border remittances to currency exchange, Rupee Coin is a good option for anyone, anywhere. However, many of the best markets for future growth are small and lacking the infrastructure needed to benefit fully from adoption. In the next wave of cryptocurrency adoption, one market stands head and shoulders above the rest: South Asia, with India at its center.
This brings us to Rupee Coin. The question of the biggest untapped market is easily answered in one word: India. Sitting at an important crossroads, between Asia, Africa, and the Middle East, India is the already the world’s third-largest economy and has an estimated population of over 1,300,000,000. Rupee Coin is set to make big moves in the coming months by tapping into this market, and our developers hope that it will prove to be the go-to cryptocurrency in the South Asian market.
Rupee Coin and India: A Clear Match
Rupee Coin, originally a fork of Litecoin, is one of the best-supported cryptocurrency coins in the world. It’s also the only coin that prides itself on being from and for the markets centered around India. Even if you are not in South Asia the name Rupee should sound familiar. Not only is this the same name as the well-known Indian Rupee, but currencies from Indonesia to Pakistan also share this name.
Name recognition is critical for forming trust in all markets especially in the world of money and cryptocurrency. Our team knows that this recognition is already an ace up their sleeve, but we’re not just stopping there. Knowledge of local conditions, as well as the needs of the specific Indian and South Asian market, are giving our Rupee Coin development team a big edge over the competition.
Developing the Marketplace of the Future
Our team is focusing on making a special case for a cryptocurrency ecosystem, not just a lone coin. Rupee Coin is being specifically developed to work in conjunction with online marketplaces and exchanges that have a big edge over their competitors: we will have their own immutable currency at the center. Companies like Alibaba are plagued by the problem of friction in their sales; they must deal with banks and payment processors, which take a big cut of their business. We are bypassing this by creating a marketplace that can process the sales and exchanges between users and merchants at a fraction of the cost of competitors.
The Future of Cryptocurrency in South Asia
The future is bright for Rupee Coin. With broad development efforts, from the technical aspects of the coin to creating a new marketplace, users of Rupee Coin will be among the most supported users of any cryptocurrency. Name recognition is just the beginning of the in-roads that are being made by our team, and it would be a good idea for any future market watchers to keep an eye on Rupee Coin and its impact in this massive and growing market.