Monday, December 22, 2025 | 02:33 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Wall Street for all? India's beleaguered cryptocurrency crowd fights back

Mobile banking has indeed emerged as a way to end financial exclusion, a chronic problem in all emerging markets

bitcoin, cryptocurrency, digital
premium

The tech industry is picking up the cudgels on behalf of blockchain entrepreneurs.

Andy Mukherjee | Bloomberg
India’s beleaguered blockchain industry has finally got some solid support to ensure its survival, with an influential industry evangelist evoking the vision of a billion smartphones acting as gateways to the brave new world of decentralized finance. 

In this world, Wall Street's capabilities will be available to everyone, according to angel investor Balaji Srinivasan, formerly the chief technology officer at Coinbase Global Inc., the largest U.S. crypto exchange about to go public. “We could turn every phone into not just a bank account but a bonafide Bloomberg Terminal,” he writes on his blog. 

Mobile banking has indeed emerged as a