India to add 20 more digital currency trading cards in future
India will soon be adding 20 more trading cards to its digital currency platform and adding the ability to sell cryptocurrency and altcoins on the platform.
A digital currency exchange will be available on the platforms, which will be the first to launch the platform, according to an official statement from the Reserve Bank of India (RBI).
The platform will allow the traders to make payments in digital currency and altcoin, with a minimum of $50 (Rs 2,000) in the form of credit cards or bank accounts.
The platform, dubbed “Paytm”, will be launched on July 2, the statement said.
India will be joining the ranks of nations like Singapore, Japan and Taiwan, where digital currency traders are also able to make transactions in cryptocurrencies.
Digital currencies are cryptocurrencies that are not backed by any government, and are exchanged via online platforms.
These cryptocurrencies are the latest in a long line of alternative payment systems, which have grown in popularity in recent years, as they are backed by a decentralized and peer-to-peer blockchain.