Tim draper sees opportunities on the indian market. The American billionaire plans to support several Indian startups specializing in the Bitcoin and the cryptocurrency.
Following the recent cancellation of the anti-crypto circular of the Indian central bank, the founder of Draper Venture Network made a trip to India and met a number of specialist companies, reports Inc42.
I have visited Bitcoin and Crypto startups while I was in India last week. I hope to be able to finance some of them, "he said.
In 2018, following the implementation of the circular Bank of india which prohibited banks to deal with crypto-startups, many actors have fled to more lenient jurisdictions.
Today, many of them, like Zebpay, have already returned in India and giants of this industry such as Binance, Okex or Kraken now also bet on the huge country of South Asia.
Last week, Binance and its Indian platform Wazirx, have jointly announced the creation of a $ 50 million fund aimed at supporting crypto and blockchain startups based in India.
The Supreme Court of India and the Indian government have shown that the best ideas end up taking the advantage, and just in time, because the benefits of Bitcoin and crypto on current systems will become apparent during this crisis, ”added Draper.
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