Indian Banks Consider Promoting Blockchain Tech Use for Payments

Major Indian banks plan to focus on blockchain tech implementation to increase digital transaction quality. The National Payments Corporation of India (NPCI) is considering implementing blockchain technology to increase the strength of digital transactions, Indian business magazine Business Today reports on April 14.The initiative of ten banks, under the aegis of the Indian Banks’ Association (IBA), aims to improve the NPCI by implementing distributed ledger technology, the publication underlines.The NPCI, an umbrella organization that operates retail payments and settlement systems in India and includes 56 national banks as stakeholders, was set up with the guidance and support of the Reserve Bank of India and the IBA.…

Indian Street Protests for Cryptocurrency

India crypto and blockchain advocates protest in advance of a crucial supreme court hearing. The fourth and largest of a series of blockchain supporter rallies is set for Bangalore on March 30, and is anticipated to have a huge public impact because of the planned participation of numerous developers — the key to India’s blockchain growth.Previous rallies this month in Delhi, Mumbai and Hyderabad saw thousands of crypto and blockchain enthusiasts and professional stakeholders take to the streets.The Reserve Bank of India (RBI) ordered financial institutions to stop dealing with cryptocurrency businesses last year, with a ban coming into effect on July 5.…