“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/
Related posts:
Bitcoin beginning to go mainstream
More countries abolishing capital punishment, but some returning to it
Florida jails tourist for collecting seashells
With landmark lawsuit, Barack Obama pushed banks to give subprime loans to Chicago’s African-America...
As haze clears, are American opinions on marijuana reaching tipping point?
Myanmar Stock Exchange Launch Moved Up To 2013 After Security Exchange Law Passed
Inside the Bitcoin advocates’ closed-door meeting with federal regulators
9 NYC Stores Fined for Propping Air-Conditioned Doors Open [2010]
Australian postal workers who send porn from work e-mail will no longer be sacked
Spendopedia: Federal waste collection site opens on Internet
Police Charge Mother With Murder After 5-Year-Old Girl Fatally Shoots Self
9/11 memorial gets temporary home after judge warns it could be wielded as a weapon
Pro-democracy protest in Hong Kong draws tens of thousands
Navy SEAL Author’s Profits Can Be Seized
China sees record capital inflows, considers Tobin tax