According To Vijay Shekar Sharma, The Founder Of Paytm, He Is Very Optimistic About Cryptocurrency And Says It Will Stay With Us And Change Into The Underlying Technology Of The Future.
Vijay shekhar, The Paytm Founder Is Bullish About Digital Currencies:
In an online conference on Thursday, arranged by the Indian Chamber Of Commerce (ICC), he said that crypto has arrived and will stay with us. He also added that it is a reply of silicon valley to wall street, reported by PTI news.
Paytm is an Indian multinational tech company. It deals with the digital payment system.
Last week, the company completed its IPO procedure (Initial Public Offering). In its IPO filing, Paytm showed that it has 337 million registered customers and 22 million retailers.
Opinion of Paytm founder about crypto:
“I am very positive about crypto. It is mainstream based on cryptography, and will be fundamental technology in a few years like the internet that is now a crucial part of routine life”
cryptocurrency utilized in a speculative order presently, uttered by Shekhar. further explained that:
“Every government is confuse about crypto. Whereas, undoubtedly in the future crypto will be a mainstream technology.”
Furthermore, the Paytm founder believes that people will understand how the world would be without cryptos. Next, he highlights that no currency can exchange Indian rupee value.
The Paytm founder said that once they gained $1 billion, they will start establishing in the developed countries. “Now Paytm in a JV with a Japanese entity is running Japan’s largest payments system. Later we will go without a partner,” he said.
Paytm will start to provide its bitcoin service if India legalizes crypto-assets, according to Madhur Deora (CFO) of Paytm, hinted a month back.
Cryptocurrency Constitution :
Nevertheless, the Indian government is working on a cryptocurrency constitution. The crypto bill will pass and present under the spotlight in an upcoming meeting of parliament.
The bill intends to exclude all the private cryptocurrencies with some exceptions.
In the upcoming meetings of parliament, the Indian government will accept and present an official crypto bill.
The bill seeks to obstruct private cryptocurrencies with some exceptions.
However, the government has not announced any bill yet. But, many false reports regarding the crypto content bill are leaking.