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Can cryptocurrency bulls provide relief to India’s COVID-19 crisis?

There is a new conversation unfolding on Twitter. Those with cryptocurrency money bags are swapping ideas on ways to back COVID relief in India. In matters of public health, every volunteer matters and every rupee counts and with India’s COVID caseload touching worrying levels- currently staying at over 3 lakh new cases a day- any effort to serve a cause should normally be welcomed. But then, India has had an uncomfortable history with crypto. It’s success depends much on who is donating the crypto assets and who controls the wallet. Apparently, the plan seems to be to bring cryptocurrency into an Indian exchange and then sell it in the exchange for INR and then use that to make payments for the COVID-related charitable causes. How it all pans out now, needs to be seen?

Source: Financial Express

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