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Blockchain based Cryptocurrency Scope in India

As the internet is becoming more accessible and convenient, larger numbers of people and businesses are shifting towards digital transactions. Digital payment methods are quicker, cheaper and much more efficient. Therefore, it's not surprising that newer forms of digital payment systems are rapidly being developed. When compared no other method comes even close to the giant that is cryptocurrency. Cryptocurrencies like Bitcoin and Ethereum are among the most popular forms of digital payments. Cryptocurrencies could be popularized in India as a viable option for digital currency, but it has both pros and cons which need to be acknowledged. Through the means of literature review, this research paper will analyze the cryptocurrency, its working and perform a comparative study between China and India. Alos, it considers the current status as well as the scope of cryptocurrency in India.