• About
  • Advertise
  • Privacy & Policy
  • Contact
Rashtra Times
  • Home
  • News
    • All
    • Business
    • Politics
    • Science
    • World

    Union Minister Jyotiraditya Scindia Unveils ‘Innovate to Transform’ as Theme for 9th Edition of India Mobile Congress

    OCCRP, the Media Organization Targeting Adani, Funded by the US: French Newspaper

    OCCRP, the Media Organization Targeting Adani, Funded by the US: French Newspaper

    Prithviraj Chavan places Prime Minister Narendra Modi’s recent U.S. visit in context at a KhulKe Roundtable

    Prithviraj Chavan places Prime Minister Narendra Modi’s recent U.S. visit in context at a KhulKe Roundtable

    Not tiny; Goa is like a bindiya on Bharat Mata’s forehead: Shah

    Not tiny; Goa is like a bindiya on Bharat Mata’s forehead: Shah

    E-City Ventures to invest over Rs. 500 cr in real estate projects in Gujarat

    E-City Ventures to invest over Rs. 500 cr in real estate projects in Gujarat

    Property worth thousand of crores is the real reason for Asharam Bapu’s Conviction

    Property worth thousand of crores is the real reason for Asharam Bapu’s Conviction

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    • Startup

    Union Minister Jyotiraditya Scindia Unveils ‘Innovate to Transform’ as Theme for 9th Edition of India Mobile Congress

    India’s defence technology company Optimized Electrotech takes centre stage at Startup Conclave 2023, Showcasing its Cutting-Edge Defense Innovations

    India’s defence technology company Optimized Electrotech takes centre stage at Startup Conclave 2023, Showcasing its Cutting-Edge Defense Innovations

    Altigreen unveils experience centre in Surat

    Altigreen unveils experience centre in Surat

    Samsung to Launch New Foldable Phones on August 10; Customers Can Pre-Reserve the Next Galaxy at Just Rs 1,999

    Samsung to Launch New Foldable Phones on August 10; Customers Can Pre-Reserve the Next Galaxy at Just Rs 1,999

    Samsung Unveils Galaxy S21 FE 5G in India at Effective Price of INR 49999

    Samsung Unveils Galaxy S21 FE 5G in India at Effective Price of INR 49999

    Samsung ‘Big TV’ Festival is Back on Popular DemandThis New Year; Get Free Soundbar, Galaxy Tab, Attractive Cashback&More

    Samsung ‘Big TV’ Festival is Back on Popular DemandThis New Year; Get Free Soundbar, Galaxy Tab, Attractive Cashback&More

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    • Television

    Abhishek Aggarwal makes India proud at the Cannes red-carpet

    Toon into the madness – The Giant Wheel Festival is back in your city

    Toon into the madness – The Giant Wheel Festival is back in your city

    A Full-Circle Moment: Atlee to Receive Honorary Doctorate from Sathyabama University

    A Full-Circle Moment: Atlee to Receive Honorary Doctorate from Sathyabama University

    A Story of Memory, Mystery, and Madness : BHRAM

    A Story of Memory, Mystery, and Madness : BHRAM

    COLORS’ ‘Megha Barsenge’ starring Neha Rana & Neil Bhatt takes a 10-year leap into a saga of healing & reckoning

    COLORS’ ‘Megha Barsenge’ starring Neha Rana & Neil Bhatt takes a 10-year leap into a saga of healing & reckoning

    Vakyam Studios to Launch “Script to Screen” Filmmaking Workshop on June 7, 2025, Led by Director Dhruv Goswami

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Travel
    Gleneagles Hospital Mumbai Expands its Reach to Ahmedabad in Collaboration with Care and Cure Multi-Speciality Hospital

    Gleneagles Hospital Mumbai Expands its Reach to Ahmedabad in Collaboration with Care and Cure Multi-Speciality Hospital

    CELEBRATE AND REKINDLE YOUR LOVE WITH THE LEELA PALACES HOTELS AND RESORTS

    CELEBRATE AND REKINDLE YOUR LOVE WITH THE LEELA PALACES HOTELS AND RESORTS

    Upcoming events in Melbourne, Victoria

    Upcoming events in Melbourne, Victoria

    Aliens Tattoo Launches its First Ever Studio in Surat

    Aliens Tattoo Launches its First Ever Studio in Surat

    Marron Burger a Unique Fast food Format opens door at Bapunagar, Ahmedabad

    Marron Burger a Unique Fast food Format opens door at Bapunagar, Ahmedabad

    DHI India Partners with Dermet launch the first DHI hair transplant and hair restoration clinic in Ahmedabad

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Review

    ETIHAD AIRWAYS LAUNCHES GLOBAL SALE

    The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

    Shadow Tactics: Blades of the Shogun Review

    macOS Sierra review: Mac users get a modest update this year

    Hands on: Samsung Galaxy A5 2017 review

    The Last Guardian Playstation 4 Game review

No Result
View All Result
  • Home
  • News
    • All
    • Business
    • Politics
    • Science
    • World

    Union Minister Jyotiraditya Scindia Unveils ‘Innovate to Transform’ as Theme for 9th Edition of India Mobile Congress

    OCCRP, the Media Organization Targeting Adani, Funded by the US: French Newspaper

    OCCRP, the Media Organization Targeting Adani, Funded by the US: French Newspaper

    Prithviraj Chavan places Prime Minister Narendra Modi’s recent U.S. visit in context at a KhulKe Roundtable

    Prithviraj Chavan places Prime Minister Narendra Modi’s recent U.S. visit in context at a KhulKe Roundtable

    Not tiny; Goa is like a bindiya on Bharat Mata’s forehead: Shah

    Not tiny; Goa is like a bindiya on Bharat Mata’s forehead: Shah

    E-City Ventures to invest over Rs. 500 cr in real estate projects in Gujarat

    E-City Ventures to invest over Rs. 500 cr in real estate projects in Gujarat

    Property worth thousand of crores is the real reason for Asharam Bapu’s Conviction

    Property worth thousand of crores is the real reason for Asharam Bapu’s Conviction

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    • Startup

    Union Minister Jyotiraditya Scindia Unveils ‘Innovate to Transform’ as Theme for 9th Edition of India Mobile Congress

    India’s defence technology company Optimized Electrotech takes centre stage at Startup Conclave 2023, Showcasing its Cutting-Edge Defense Innovations

    India’s defence technology company Optimized Electrotech takes centre stage at Startup Conclave 2023, Showcasing its Cutting-Edge Defense Innovations

    Altigreen unveils experience centre in Surat

    Altigreen unveils experience centre in Surat

    Samsung to Launch New Foldable Phones on August 10; Customers Can Pre-Reserve the Next Galaxy at Just Rs 1,999

    Samsung to Launch New Foldable Phones on August 10; Customers Can Pre-Reserve the Next Galaxy at Just Rs 1,999

    Samsung Unveils Galaxy S21 FE 5G in India at Effective Price of INR 49999

    Samsung Unveils Galaxy S21 FE 5G in India at Effective Price of INR 49999

    Samsung ‘Big TV’ Festival is Back on Popular DemandThis New Year; Get Free Soundbar, Galaxy Tab, Attractive Cashback&More

    Samsung ‘Big TV’ Festival is Back on Popular DemandThis New Year; Get Free Soundbar, Galaxy Tab, Attractive Cashback&More

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    • Television

    Abhishek Aggarwal makes India proud at the Cannes red-carpet

    Toon into the madness – The Giant Wheel Festival is back in your city

    Toon into the madness – The Giant Wheel Festival is back in your city

    A Full-Circle Moment: Atlee to Receive Honorary Doctorate from Sathyabama University

    A Full-Circle Moment: Atlee to Receive Honorary Doctorate from Sathyabama University

    A Story of Memory, Mystery, and Madness : BHRAM

    A Story of Memory, Mystery, and Madness : BHRAM

    COLORS’ ‘Megha Barsenge’ starring Neha Rana & Neil Bhatt takes a 10-year leap into a saga of healing & reckoning

    COLORS’ ‘Megha Barsenge’ starring Neha Rana & Neil Bhatt takes a 10-year leap into a saga of healing & reckoning

    Vakyam Studios to Launch “Script to Screen” Filmmaking Workshop on June 7, 2025, Led by Director Dhruv Goswami

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Travel
    Gleneagles Hospital Mumbai Expands its Reach to Ahmedabad in Collaboration with Care and Cure Multi-Speciality Hospital

    Gleneagles Hospital Mumbai Expands its Reach to Ahmedabad in Collaboration with Care and Cure Multi-Speciality Hospital

    CELEBRATE AND REKINDLE YOUR LOVE WITH THE LEELA PALACES HOTELS AND RESORTS

    CELEBRATE AND REKINDLE YOUR LOVE WITH THE LEELA PALACES HOTELS AND RESORTS

    Upcoming events in Melbourne, Victoria

    Upcoming events in Melbourne, Victoria

    Aliens Tattoo Launches its First Ever Studio in Surat

    Aliens Tattoo Launches its First Ever Studio in Surat

    Marron Burger a Unique Fast food Format opens door at Bapunagar, Ahmedabad

    Marron Burger a Unique Fast food Format opens door at Bapunagar, Ahmedabad

    DHI India Partners with Dermet launch the first DHI hair transplant and hair restoration clinic in Ahmedabad

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Review

    ETIHAD AIRWAYS LAUNCHES GLOBAL SALE

    The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

    Shadow Tactics: Blades of the Shogun Review

    macOS Sierra review: Mac users get a modest update this year

    Hands on: Samsung Galaxy A5 2017 review

    The Last Guardian Playstation 4 Game review

No Result
View All Result
Rashtra Times
No Result
View All Result
Home News Business

CryptoTech Industry Can Create An Economic Value Addition Of USD 184 Billion in India By 2030: NASSCOM Report

CryptoTech Industry which includes crypto applications in trading, P2P payments, remittances, and retail among others has grown by 39% in the last five years in India

Rashtra Times by Rashtra Times
in Business
Reading Time: 3 mins read
0 0
A A
0

September 2021: The National Association of Software and Services Companies (NASSCOM), in association with Industry Partner WazirX, has today launched its report titled ‘Crypto Industry in India’. The report sheds light on how the Indian cryptocurrency market is on an exponential rise, growing steadily over the last few years. As more and more young Indian investors are excited to explore newer investment options, they are adopting cryptocurrencies such as Bitcoin, Ethereum and Polygon to make investments that promise them viable returns. These digital currencies along with other applications of DLT have garnered significant attention leading to an exponential growth of CryptoTech Industry in India.

Nischal Shetty, Founder and CEO, WazirX, said, “Crypto is primed to take our PM’s Digital India mission forward. In fact, our number of users from Tier-II and Tier-III cities have grown by 2648% and contributed to 55% of total signups on WazirX in 2021. Crypto has immense potential to contribute to our $5 Trillion economy vision, and in the coming years, we’ll see crypto overcome the financial barriers for rural India, create more opportunities and access to jobs, investment and capital.”

Sharing her thoughts, Debjani Ghosh, President, NASSCOM, said, “CryptoTech industry in India has not only demonstrated a positive impact at the grassroots levels but is emerging as a fastest growing technology sub-sector. India provides the most unique ecosystem to CryptoTech to play a  transformative role in strengthening key priority areas such as healthcare, safety, digital identification, trade and finance, and remittances and help in addressing pandemic-induced challenges. A consultative and enabling regulatory report towards Crypto technologies can help drive the growth of Crypto ecosystem and innovation in India.”

Key Highlights

  • CryptoTech industry to reach USD 241 Million by 2030 in India, and USD 2.3 billion by 2026 globally
  • USD 6.6 billion investments in crypto assets by retail Investors in India
  • CryptoTech provides employment for 50,000 individuals in India
  • CryptoTech landscape is fast evolving with 230+ startups and 150+ proof of conceptsand projects
  • Bitcoin has become the fastest asset to reach a market cap of USD 1 trillion surpassing gold and US Dollar
  • Decentralized finance market size has jumped 100x over the last one year
  • Industry can potentially create an economic value addition of USD 184 billion in form of Investments and cost savings, and more than 800k employment opportunities

According to the report, more than 60% of states in India are emerging as CryptoTech adopters and over 15 million retail investors, the industry is increasingly attracting start-ups to adopt CryptoTech. Over 230 start-ups are operating in India in the CryptoTech space. Risinginvestment from institutional and retail investors has heightened awareness of the benefits of CryptoTech in the country.

Further, the report states that the market In India is expected to grow 2X faster and has the potential to create 800k+ Jobs By 2030. It also has a potential to create an economic value addition of USD 184 billion in the form of Investments and cost savings.

Even various corporates and start-ups are partnering with the government, industries, and academia to create use cases on health & safety, digital identity, trade finance, and solve critical challenges induced by the pandemic.

The report further highlights that Bitcoin, Smart Contracts, Decentralised Finance, The Wave of Tokenization, Non-Fungible Tokens, Rise of CryptoTech Capital and Central Bank Digital Currencies would be seen as 7 key trends driving the growth and adoption of CryptoTech in India. While at a nascent stage, the industry is already picking up and creating employment opportunities across trading, software development, analytics, and other practices.

On the global front as well, the CryptoTech industry is expected to cross USD 1.6 billion by 2021, and USD 2.3 billion by 2026. Several global banks have started buying crypto and a few across the US, Europe and Asia creating their block-chain based systems to enable B2B cryptocurrency payments between their customers. Even 20+ leading corporations started accepting crypto for payments ranging from Microsoft and PayPal. This worldwide adoption of Cryptocurrencies has been driven during COVID-19, leading the industry to grow and expand more across verticals.

 

Tags: CryptoTech IndustryDebjani GhoshFounder and CEONASSCOMNASSCOM ReportNischal ShettyPresidentUSD 184 BillionWazirX
ADVERTISEMENT
Previous Post

IIM AhmedabadCompletes Placement Process for the 15th PGPX Batch 2021

Next Post

Amazon Launches its Global Computer Science Education Initiative, Amazon Future Engineer, in India

Rashtra Times

Rashtra Times

Next Post
Amazon Launches its Global Computer Science Education Initiative, Amazon Future Engineer, in India

Amazon Launches its Global Computer Science Education Initiative, Amazon Future Engineer, in India

Stay Connected test

  • 139 Followers
  • 33k Followers
  • 194k Subscribers
  • 23.9k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest

Gujarat’s famous “Patola by Nirmal Salvi” inaugurates his showroom in Mumbai”

March 8, 2022

Tejasswi Prakash as Pratha

February 15, 2022
“Kaashi Raaghav” Set to Release in January 2025, Showcasing the Complexity of Relationships and the Thrill of Love

“Kaashi Raaghav” Set to Release in January 2025, Showcasing the Complexity of Relationships and the Thrill of Love

December 2, 2024
Soft Launch of CSR 762 by Svitch Bike!

Soft Launch of CSR 762 by Svitch Bike!

November 22, 2021

Actress Ekta Jain to shine at Ahmedabad Fashion Week after Mumbai runway hits

0

Ducati launch: Lorenzo and Dovizioso’s Desmosedici

0

How couples can solve lighting disagreements for good

0

Doctors take inspiration from online dating to build organ transplant AI

0

Actress Ekta Jain to shine at Ahmedabad Fashion Week after Mumbai runway hits

May 30, 2025
Gujarat’s Rising Architect Harsh Boghani Blends Art, Innovation, and Cultural Sensibility

Gujarat’s Rising Architect Harsh Boghani Blends Art, Innovation, and Cultural Sensibility

May 30, 2025
India’s Cranberry Craze: From Exotic Import to Everyday Superfruit

India’s Cranberry Craze: From Exotic Import to Everyday Superfruit

May 30, 2025
Attempt to Encroach Senior Citizen Woman’s Land: Serious Allegations Against Kailash Society

Attempt to Encroach Senior Citizen Woman’s Land: Serious Allegations Against Kailash Society

May 28, 2025

Recent News

Actress Ekta Jain to shine at Ahmedabad Fashion Week after Mumbai runway hits

May 30, 2025
Gujarat’s Rising Architect Harsh Boghani Blends Art, Innovation, and Cultural Sensibility

Gujarat’s Rising Architect Harsh Boghani Blends Art, Innovation, and Cultural Sensibility

May 30, 2025
India’s Cranberry Craze: From Exotic Import to Everyday Superfruit

India’s Cranberry Craze: From Exotic Import to Everyday Superfruit

May 30, 2025
Attempt to Encroach Senior Citizen Woman’s Land: Serious Allegations Against Kailash Society

Attempt to Encroach Senior Citizen Woman’s Land: Serious Allegations Against Kailash Society

May 28, 2025

Rashtra Times

Follow Us

Browse by Category

  • Action
  • AD Patel Institute of Technology
  • ADIT
  • Adventure
  • Agriculture
  • Ahmedabad
  • Ahmedabad Litrature Festival
  • Amazon
  • Anand
  • Anand Pandit
  • App
  • Application
  • Apps
  • Art Gallery
  • Association
  • Auto
  • Automobile
  • Aviation
  • Award Function
  • BANK
  • Book Launch
  • Brand
  • brand ambassador
  • Business
  • Business
  • Campaign
  • car
  • Casino Gambling
  • Cat Show
  • Cinema
  • Colors
  • Commodity
  • COVID – 19
  • Cricket
  • Crime
  • CSR Activity
  • CSR Initiative
  • Culture
  • Cyber
  • dance
  • Day Celebration
  • Devotees
  • Digital
  • Dr Vishal Singh
  • E-Commerce
  • Education
  • Electric Vehicle
  • Electronic
  • Empowerment
  • Entertainment
  • Environment
  • Event
  • Exihibition
  • Farmer
  • Fashion
  • Fashion
  • Fear
  • Feature
  • Festival
  • Film
  • Film Festival
  • Film Industrie
  • Financial
  • Food
  • Food
  • Foundation
  • Gadget
  • Game
  • Gaming
  • Gaming
  • Gandhinagar
  • General
  • Global
  • Gold
  • Gujarat
  • Gujarat Tourism
  • Gujarati Film
  • Gujarati music
  • Health
  • Health
  • Health Care
  • Health Insurance
  • Heritage Art Show
  • Hospital
  • Hotel
  • Ice Cream
  • India
  • Initiative
  • Insurance
  • International
  • International Day
  • Interview
  • Investment
  • IPO
  • Jaipur
  • Jessu Jordaar
  • Jewellery
  • Legal
  • Life Insurance
  • Lifestyle
  • Marketing
  • MG Motor India
  • Mobile
  • Mother's Day
  • Movie
  • Mr. Ravi Mittal
  • Mrathi
  • Mumbai
  • Music
  • Music
  • National
  • Natural
  • News
  • News\
  • NGO
  • Nifty
  • NSe
  • Offer
  • Online Gaming
  • Online Shopping
  • Organization
  • OTT
  • Pharmaceutical
  • Political
  • Politics
  • Prestige Group
  • Product Launch
  • Production
  • Products
  • PRSI
  • Raid
  • Rakshabandhan
  • Real Estate
  • Realestate
  • Realestate
  • RELIGIOUS
  • Review
  • Sales
  • Samsung
  • School
  • Science
  • Serial
  • share market
  • Skill
  • smartphone
  • Social
  • Song
  • Song Launch
  • Spiritual
  • Sport
  • Sport Car
  • Sports
  • Sports
  • Startup
  • Startup
  • Store Launch
  • surat
  • Tech
  • Technology
  • Television
  • Theatre
  • Thriller
  • Trailer
  • Travel
  • Tree House
  • UN
  • Uncategorized
  • University
  • Vadodara
  • Valvoline Cummins
  • VIBRANIUM
  • Web
  • Web Series
  • Women & Children
  • women empowerment
  • World
  • World
  • World Health Day

Recent News

Actress Ekta Jain to shine at Ahmedabad Fashion Week after Mumbai runway hits

May 30, 2025
Gujarat’s Rising Architect Harsh Boghani Blends Art, Innovation, and Cultural Sensibility

Gujarat’s Rising Architect Harsh Boghani Blends Art, Innovation, and Cultural Sensibility

May 30, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2020 Rashtra Times - Designed by eMobitech | Consulted by Vision Raval | Hosted by Hosting Bull Branding by BrandPAPA.

No Result
View All Result

© 2020 Rashtra Times - Designed by eMobitech | Consulted by Vision Raval | Hosted by Hosting Bull Branding by BrandPAPA.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In