Why are people afraid to invest in cryptocurrency in India?
In the past few decades, we have seen many changes in technology. Today, the internet is a major part of our lives and we are most of our time attached to the screens of our mobile phones. Even in terms of banking, we have seen an upgrade in transaction processes with the introduction of mobile banking facilities. Not only the processes, but the paper money itself is evolving with a new form of digital currency called cryptocurrency . Despite the advantages of cryptocurrency, it has not been widely accepted and used in the mainstream as people are afraid to invest in them, especially in India. So why people are afraid to invest in cryptocurrency in India. Here are 3 reasons why people in India are afraid to invest in cryptocurrency in India : 1. People Don’t Understand It: People generally fear what they don’t understand. Once you understand the subject and learn how it works, you may not fear it anymore. The same goes for cryptocurrency. In simple terms, cryptocurrency is a digita