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Siddharth Menon | PayRam
8,876 posts
Siddharth Menon | PayRam
@BuddhaSource
Building Decentralised Stablecoin Payments. @PayRamApp Start accepting crypto, no signup, no kyc. prev cofounded @WazirXindia @Crowdfire. ex @binance
Big day for crypto in India 😬 I am feeling more positive. 🤝- Instant deposit via UPI is live for all users. ✌️
- 🧵Microtransactions have revolutionized the gaming industry, evolving from a novel revenue model to a major industry player. Here's a thread tracing the journey of microtransactions and their incredible growth.👇
- Also, your funds are safe.
- This is huge, Crypto is finally getting regulated in India. - It is not seen as a threat - Classified as "Digital Assets" - The old 2019 Bill is outdated (So no ban) #IndiaWantsCrypto #WRX 💪
- While this is not financial advice. I would still urge everyone to take an informed decision. Avoid panic sell. Wait for more clarity.
- The banks don't care about the crypto community or supreme court orders. It's a battle that we all have to participate in. We are doing our part. #IndiaWantsCrypto
- Please don't use UPI for deposits. Axis Bank doesn't support Crypto community, so they've disabled the UPI service for crypto business, ignoring Supreme Court's verdict. We’ve removed this option from our app. Reach out to your banks & request them to support you; Crypto users
- About WazirX <> Binance off-chain transfers. - Both the accounts are operated by the same owner, linked by the same email. - No third-party transfers, unlike blockchain transfers. - KYC is a mandate for withdrawals. - Account linking is permanent.
- Yr 2000 When dotcom boom was happening, India missed the opportunity because of Internet infra. Talented Indians moved to Silicon Valley & now leading many tech companies. Yr 2022 WEB3 could be india’s chance to attract talent & capital. I hope our govt sees a big picture ✌️
- This time will pass too. Believe in what you believe.
- The clarity on crypto tax is such a positive move by our government 🙏✌️ This essentially removes doubt of illegal vs legal for those who are still wondering. Now waiting for Banks to support us.
