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Crypto Fans Stunned Seeing Indian Auto Rickshaw Driver Accepting Crypto as Payment

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The Reserve Bank of India (RBI) banned cryptocurrency in 2018. In May 2020, however, the Supreme Court overturned RBI decision and ruled that there was no valid reason to ban crypto.


After the RBI ban was lifted, cryptocurrency began to gain popularity in India within weeks but still crypto is not fully legalize in India.

A photo of an Indian driver taking cryptocurrency payments was first shared on Twitter.

One user shared a photo of an inside view of an auto rickshaw poster, captioned We accept cryptocurrency.”

 

Many people were shocked to see this message, as crypto is not yet recognized in India as a payment method. Many people tagged Elon Musk, calling the rickshaw driver a big fan of Elon Musk.

There were hundreds of responses where crypto fans asked Indian government to legalize crypto, rather than banning it.

A user writes:

“Wow! This is early adoption from young generation of India. Indian govt shod encourage this instead of banning the future of money.”




Nearly 15 million Indians have made investments in digital currencies. In India crypto investments have risen from $924 million in April 2020, to $6.5 billion by May 2021.

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Mark Brennanhttps://thecryptobasic.com/
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.

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