Tesla CEO Elon Musk To Accept Shiba Inu Coin will hit $0.1 Today!!
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That Shiba Inu donation to India Covid Relief Fund proved a game-changer for crypto space in India. It provided more than 1.5 billion Indian people an awareness of cryptocurrency and its practical uses.
The Covid Relief Fund has converted those Shiba Inu coins to stable coins. According to their recent tweet, the remaining 10 trillion Shiba Inu coin conversion was completed this Friday, yielding a total of $463 million in Covid Relief Fund.
This donation of the Shiba Inu coin and its conversion to a stable coin strengthened the Indian people’s relation with the Shiba Inu coin and put India in a partnership with the Shiba Inu coin, as reported by NASSCOM.
MoneyControl shared a report by NASSCOM with the title “Crypto in India” associated with WazirX, the biggest crypto exchange in India. This report stated the spectacular rise and popularity of the Shiba Inu coin in India, especially in Indian youth.
The report stated that due to Shiba Inu’s introduction to Indian people, more than 60% of states adopted cryptocurrency and created thousands of jobs. The report speculated that this exponential growth of crypto space in those states will reach $241 million industry by 2030.
The MoneyControl reported that the Indian crypto market is at the point of exponential growth, and around $6.6 billion investment has already been made in this market. Moreover, this crypto market has 2X faster potential to grow, as anticipated by the experts.
According to the data shared by NASSCOM, the crypto space in India is currently providing more than 50,000 jobs relating to crypto. In comparison, the anticipation of creating 800,000 new jobs by 2030 is mentioned in the said report.
Regarding India’s partnership with Shiba Inu coin, MoneyControl stated that many state governments like Karnataka, Punjab, and many more showed a positive response to Blockchain technology in recent years. And many more states are collaborating with various startups and developing projects on the Blockchain networks.
Many websites, including MoneyControl, posted the views of Avinash Shekhar, the Co-CEO of ZebPay. He said that our policymaker, businessmen and entrepreneur has already discussed the scope of Blockchain in our country. He admitted the potential of Blockchain technology and believes that their government also recognizes the importance of keeping space for experiments and innovations regarding crypto space.
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