“Purchase bitcoins inside India for rupees, place them on a USB stick, board plane to wherever and then sell the bitcoins for whatever the local cash of your choice is. We can tell that this has been happening in China because the local price of bitcoins is higher than the international price. There must therefore be a high demand inside the country. If I were a tech savvy entrepreneur in India I think this is an area that I would look at a lot more closely. An exchange offering bitcoin locally. And of course I would never go around telling people that this would be the way to get money out of India, out of the rupee. But I have a feeling that the idea would catch on pretty quickly.”
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Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
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