Renowned businessman and security analyst John McAfee has partnered with and will sit on the advisory board of BitIndia, an open source blockchain wallet and exchange for the streets of India.
With less than 0.5% of indians currently utilising Bitcoin, the company aims to educate and promote cryptocurrencies to directly take on the very real and growing issue of high banking rates that currently plague over 1.2 billion of the country’s people.
— John McAfee (@officialmcafee) October 9, 2017
This is to be achieved through an easy to use cryptocurrency platform that takes away the complexities of cryptocurrencies and replace them with an intuitive system which not only allows the average layman to store and use Bitcoin, Ethereum and Ripple currencies but to also trade them against the national currency, the Indian Rupee.
Plans also include for seamless integration on a local level allowing users to access terminals that allow for everyday and recurring purchases such as groceries, bills and dining out.
Given the size of the Indian population and its urgent need for a decentralised and fairer economic system if executed properly BitIndia is in a prime position to spearhead and develop the Indian Cryptocurrency space into a major global player, one that will shortly rival China and South Korea.
John Mcafee’s no stranger to business, his role at Bitindia will bring a great deal of unparalleled expertise and guidance.
Bitindia is currently running an initial coin offering (ICO) which allows anyone to invest in the exchange and make a share of the profits, find out more here https://bitindia.co/ or read the whitepaper https://bitindia.co/whitepaper.pdf