{"id":14741,"date":"2021-11-27T04:54:07","date_gmt":"2021-11-27T04:54:07","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/paytm-founder-crypto-is-here-to-stay-and-will-become-mainstream-in-5-years\/"},"modified":"2021-11-27T04:54:07","modified_gmt":"2021-11-27T04:54:07","slug":"paytm-founder-crypto-is-here-to-stay-and-will-become-mainstream-in-5-years","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/paytm-founder-crypto-is-here-to-stay-and-will-become-mainstream-in-5-years\/","title":{"rendered":"Paytm Founder: Crypto Is Here to Stay and Will Become Mainstream in 5 Years"},"content":{"rendered":"

The founder of Paytm, a major digital payment company in India, is \u201cvery positive about crypto.\u201d Noting that cryptocurrency is here to stay, <\/strong>he expects it to become a mainstream technology in a few years.<\/strong><\/p>\n

Paytm Founder Is \u2018Very Positive About Crypto\u2019<\/h2>\n

Vijay Shekhar Sharma, the founder of Paytm, said at a virtual conference organized by the Indian Chamber of Commerce (ICC) Thursday that cryptocurrency is here to stay, PTI reported. He added that crypto is Silicon Valley\u2019s answer to Wall Street.<\/p>\n

Paytm is an Indian multinational technology company that specializes in digital payments. The company completed an initial public offering (IPO) last week. In its IPO filing, Paytm revealed that it has 337 million registered consumers and 22 million merchants.<\/p>\n

Sharma opined:<\/p>\n

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.<\/p>\n

The Paytm founder admitted that cryptocurrency is currently being used in a speculative manner, elaborating:<\/p>\n

Every government is confused. In five years, it will be the mainstream technology.<\/p>\n

Sharma believes that people will realize how the world would be without crypto. However, he stressed that crypto will not replace sovereign currencies, like the Indian rupee.<\/p>\n

The Paytm founder also said that once his company\u2019s revenue crosses $1 billion, Paytm will be launched in developed countries. \u201cNow Paytm in a JV with a Japanese entity is running Japan\u2019s largest payments system. Later we will go without a partner,\u201d he shared.<\/p>\n

Early this month, Paytm Chief Financial Officer (CFO) Madhur Deora indicated that his company is open to offering<\/a> bitcoin services if crypto assets become legal in India.<\/p>\n

The Indian government is currently pushing for cryptocurrency legislation. A cryptocurrency bill is expected to be introduced and passed during the winter session of parliament which starts next week. The bill seeks to ban private cryptocurrencies with some exceptions. However, the bill has not been published and there have been conflicting reports<\/a> coming out of India regarding the content of the bill.<\/p>\n

What do you think about the comments by the Paytm founder? Let us know in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nRegulation, India, indian crypto, indian cryptocurrency, indian government, paytm, vijay shekhar sharma<\/p>\n","protected":false},"excerpt":{"rendered":"

The founder of Paytm, a major digital payment company in India, is \u201cvery positive about crypto.\u201d Noting that cryptocurrency is here to stay, he expects it to become a mainstream technology in a few years. Paytm Founder Is \u2018Very Positive About Crypto\u2019 Vijay Shekhar Sharma, the founder of Paytm, said at a virtual conference organized…<\/p>\n","protected":false},"author":0,"featured_media":14742,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-14741","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14741"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=14741"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14741\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/14742"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=14741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=14741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=14741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}