As per my knowledge there is a tremendous amount of potential for Crypto in India, but also other emerging markets like China&US The thing is, both of those countries have large populations In billion people who are either unbanked (they don’t have a bank account) or are (under banked) they don’t have access to financial service alternatives to do what they need...
Right now a single Bitcoin. Is worth more than $2000 that's miles above the value of gold.
Although its still not legal in India but trading via foriegn countries in cryptocurrencies like Bitcoin, LTC, Indicoin, etc. might help the society a lot in raising money.
Negative: Not yet approved by Indian Govt but Govt said we need to analysis it before approval.
Positive: Approved by Japan Govt, China is planning to adapt ethereum technology, Russia is planning to create its own crypto, USA is positive about it. So the decision from other countries will definitely influence the Indian Govt.
Negative: Bitcoin price is very high, One bitcoin cost is $2,834 which is equivalent to 1,82,604 INR. But this is Market price in USA Exchange but Indian exchanges charges some additional fees + tax
Positive: You don’t need to buy one full bit coin. You can even buy half, quarter, or even in small digit
Positive: There are 700+ digital currencies but everyone focusing on bitcoin because it is hot now, Japan banks are interested in Ripple and the Ripple cost is $.30 which is less than 20 INR.
End of the day, everything based on Indian Media. Any continuous article or news can lead people to crypto world.
Another thing to consider is how other Fintech companies are getting involved with Indian Crypto Startups and how they might have their own rise to fame in the region and be a bigger representation of the locality that exists there. In this new and disruptive space anything is possible.