Bitcoin Adoption in India May Surge during Diwali Festival

Diwali, the Hindu festival of lights is expected to drive demand in the Indian Bitcoin market. Read more…
Festivals and celebrations have quite an effect on Bitcoin. While people celebrate with their friends and family during the holiday season, the adoption and number of Bitcoin transactions tend to increase as well. The variations are usually visible days if not weeks before the holiday season. Like Christmas and New Year, the Hindu festival of lights – Diwali is a huge deal in India.
People usually go on a shopping spree before Diwali. Online commerce platforms see a huge surge in sales, which is further encouraged by discounts and other offers. The budding Bitcoin ecosystem in India is also expected to see a rise in adoption with increased transaction volumes by October 20, the beginning of 5-day long Diwali celebrations.

This post was published at NewsBTC on 7:30 am October 9, 201.

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