“When it comes to usage, India is still far away from other countries such as the United States, where people reportedly have bought Teslas and Lamborghinis with the virtual currency. India’s own version of virtual currency, Laxmicoin, named after the Indian goddess of wealth, is being developed by a Jaipur-based company of the same name. A survey conducted by the company in Jaipur and Bangalore found that local businessmen were unhappy with the high transaction fees and delays in receiving payment after their customers transacted via card machines, its co-founder Raj Dangi said.”
http://blogs.reuters.com/india/2014/01/17/rbi-puts-the-brakes-on-the-bitcoin-train-in-india/
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