Get latest articles and stories on Business at LatestLY. 121 Finance, an RBI registered NBFC, focused on Short Term Working Capital Finance, has become one of the first lenders on GeM SAHAY and hence one of the earliest adopters of OCEN (Open Credit Enablement Network). This Government e-Marketplace SAHAY initiative brings a complete financing solution for sole proprietors to avail instant, frictionless financing to help fulfil government orders. With this, 121 Finance joins ICICI Bank and UGRO capital on this platform. Business News | 121 Finance Goes Live on OCEN Enabled GeM Sahay.
Who Is Winning The Crypto Battle In India?
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India has a 9% crypto adoption rate, according to a Statista Global Consumer Survey done in 2020
As of June 25, 2021, CoinSwitch Kuber had the highest number of downloads among crypto exchange apps in India, according to AppTweak data
WazirX is leading crypto exchanges in India in terms of crypto transactions (24 hrs) and weekly visits
In a fast-evolving, tech-driven world, cryptocurrencies have made waves and passed through several hype cycles to reach the kind of value that no traditional asset class can ever expect to achieve. That does not mean investors are not subjected to extreme volatility and wild price swings. But overall, the prices of Bitcoin, Ethereum and many other digital coins are rising in spite of rough patches, doing away with the reservations that initially plagued crypto investments in India.