HUGE XRP Buy Signal | Why India is Ripple’s New Frontier

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Today we are going to discuss India’s crypto ban getting overturned and what that actually means for XRP & Bitcoin. We also take a look at Bosagora getting listed on Bithumb.

The Ripple coin XRP is a currency option on the Ripple network. It can be used by banks to source liquidity on-demand in real-time, and by payment, providers to expand reach into new markets, provide faster payment settlements and lower foreign exchange costs.

Ripple is a privately held company that aims to create and enable a global network of financial institutions and banks. It does so by using the RippleNet blockchain software to lower the cost of international payments. Ripple calls the global network using this software the Internet of Value.

Cryptocurrencies are not legal tender in India and while exchanges are legal the government has made it very difficult for them to operate. Other Income Tax Department sources have suggested that cryptocurrency profits should be taxed as capital gains.

There are the platforms and currencies you can trade in India. Everyone else who is trading in other cryptocurrencies is using trading platforms registered outside India. You can use Kraken, Poloniex or Bittrex for it. You will have to use Bitcoins you bought from India to trade on these platforms.

The Supreme Court of India has struck off Reserve Bank of India’s (RBI) banking ban against crypto. The court held that RBI circular dated 6th April 2018 is unconstitutional. The RBI issued a circular in April 2018 banning regulated financial institutions from providing services to crypto businesses.

Thank you for watching the video. HUGE XRP Buy Signal and Why India is Ripple’s New Frontier. If this video helps you, please subscribe to my channel and like, comment, and share the video.

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