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How are Indian startups benefiting from crypto?

How are Indian startups benefiting from crypto?

· Fintech · StartupTalky

At first sight, it may come as a surprise that Indian startups are actually benefiting from crypto. But walk into any startup hub in a city like Bengaluru, and you’ll notice a shift in conversations. Founders aren’t just discussing traditional venture capital rounds; they’re exploring token economies, decentralized applications and blockchain-powered services. In other words, the days when users would flock to exchanges just to checkETH INRand other digital currency prices are slowly passing. Today, crypto is becoming something far more deeply integrated into how startups operate. Many of these businesses are now using it to support payments, unlock funding and even shape entirely new products from the ground up. In fact, industry expert Krishna Tyagi, Head of Web 3 at KPMG in India, said, “The increasing adoption of web3 and blockchain across various sectors and industries is a big global opportunity for Indian tech talent and businesses. Blockchains have enabled various innovative use cases such as DeFi, Real World Assets tokenisation, Self-Sovereign Identities, Track & Trace, etc., which were not possible earlier. We are continuously innovating and participating to develop the ecosystem and help our clients leverage the power of blockchains.” One of the biggest advantages Indian startups have right now is access to a massive user base. According to Disruption Banking, about 119 million Indians own crypto, making this market the largest globally. And as you may know, launching a new product always feels easier when your audience already understands the basics of what you’re offering. In the same way, integrating crypto-based infrastructures means Indian startups already have more than 100 million potential customers to appeal to. That’s why some of them are already experimenting with this technology. And those that have already integrated it are working hard to ensure that everything is user-friendly. You don’t want to hype users with a new technology but fail to deliver on the experience. That can frustrate potential customers and even discourage them from ever returning to your platform. Imagine the pain of losing about 1 in 3 shoppers, who, according to Site Qwality, often leave after just one bad experience. Such losses can have far-reaching consequences, which explains why crypto innovations are becoming more user-friendly. But beyond that, incorporating digital currencies into your operations can make your brand feel customer-focused. Those young, tech-savvy Indians who are so into crypto begin to view you as innovative and globally aware, which in turn strengthens trust and improves long-term engagement. And once trust enters the equation, adoption becomes habit. As you already know,cyberattacksare on the rise. And the more they increase, the more users become security-conscious, meaning you can’t ignore their safety if you want to appeal to them. But thankfully, crypto can help meet these users’ demands. Through decentralization, the te

Original source: StartupTalky
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