Paytm Co-Founder Vijay Shekhar Sharma Says, “Cryptocurrency Is Here To Stay”.

OVERVIEW

  • According to Paytm founder Vijay Shekhar Sharma, is here to stay and is fundamentally founded on cryptography.
  • “Paytm will reach financial services at low cost to all. Going public will help a lot as it will give access to capital and talent,” he told.
  • According to Sharma, it is now being utilised on a speculative basis. “Every government is confused. In five years, it will be the mainstream technology”.

Cryptocurrency, according to Paytm founder Vijay Shekhar Sharma, is here to stay and is fundamentally founded on cryptography, the study of secure communications systems.

Sharma, speaking at an ICC virtual interactive session, described crypto as Silicon Valley’s answer to Wall Street.

“I am very positive about crypto. It is fundamentally based on cryptography and will be the mainstream technology in a few years like the internet which is (now) part of daily life,” he stated.

There are currently no specific restrictions or prohibitions in place in the country regarding the usage of cryptocurrencies.

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According to Sharma, it is now being utilising on a speculative basis. “Every government is confused. In five years, it will be the mainstream technology”.

“Paytm will reach financial services at low cost to all. Going public will help a lot as it will give access to capital and talent,” he told.

People will see how the world was before crypto, but it will not be a replacement for the national currency, he claims.

According to him, which went public last month, is boosting financial inclusion among Indians who lack access to formal financing.

Opinion mint, a Twitter account which posts opinion polls in the microblogging site posted a Tweet reading “Cryptocurrency is here to stay, says Paytm founder Vijay Shekhar Sharma.”

“Do you agree or it may be banned?” he further asked on which the Tweet gets 51% in favour and 41% says it will get banned.

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