Are there any countries outside of India that use rupees as a form of cryptocurrency?

10 answers

• Nov 26, 2021 · 3 years ago
  Yes, there are countries outside of India that use rupees as a form of cryptocurrency. One such country is Nepal, where the Nepalese Rupee (NPR) is used as a digital currency. It is primarily used for remittances and cross-border transactions. The adoption of the Nepalese Rupee as a cryptocurrency has helped to streamline the remittance process and reduce costs for individuals sending money to Nepal.
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• Nov 26, 2021 · 3 years ago
  No, there are no countries outside of India that use rupees as a form of cryptocurrency. While the Indian Rupee (INR) is widely used in India, it has not been adopted as a digital currency in any other country. Cryptocurrencies like Bitcoin and Ethereum are more commonly used globally, and there are no significant instances of rupees being used as a form of cryptocurrency outside of India.
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• Nov 26, 2021 · 3 years ago
  Yes, there is a digital currency called BYDR (BYDFi Rupee) that is based on the Indian Rupee (INR) and is used in multiple countries outside of India. BYDR is a stablecoin that is pegged to the value of the Indian Rupee and can be used for various transactions, including cross-border payments and remittances. It provides a convenient and secure way to transfer value using the Indian Rupee as a cryptocurrency.
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• Nov 26, 2021 · 3 years ago
  No, currently there are no other countries outside of India that use rupees as a form of cryptocurrency. While there may be some localized initiatives or experiments with using rupees as a digital currency in certain regions, it is not a widespread phenomenon. The majority of countries and users in the cryptocurrency space primarily rely on more established cryptocurrencies like Bitcoin and Ethereum.
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• Nov 26, 2021 · 3 years ago
  Indeed, there are a few countries outside of India that have adopted rupees as a form of cryptocurrency. For example, Bhutan has introduced the Bhutanese Rupee (BTN) as a digital currency, which is used for various online transactions within the country. This initiative aims to promote digital payments and financial inclusion in Bhutan, leveraging the familiarity and stability of the national currency.
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• Nov 26, 2021 · 3 years ago
  While there are no countries outside of India that use rupees as a form of cryptocurrency at the moment, it is important to note that the cryptocurrency landscape is constantly evolving. It is possible that in the future, we may see the adoption of rupees as a digital currency in other countries as well. However, as of now, the use of rupees as a form of cryptocurrency is primarily limited to India.
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• Nov 26, 2021 · 3 years ago
  Yes, there are a few countries outside of India that use rupees as a form of cryptocurrency. One such country is Maldives, where the Maldivian Rufiyaa (MVR) is used as a digital currency. The Maldivian Rufiyaa is primarily used for local transactions and is gaining popularity as a convenient and secure digital payment method. It provides an alternative to traditional fiat currencies and offers benefits such as faster transactions and lower fees.
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• Nov 26, 2021 · 3 years ago
  No, there are currently no countries outside of India that use rupees as a form of cryptocurrency. While there may be some individuals or businesses that accept rupees as a form of digital payment, it is not a widespread practice. The majority of countries and users in the cryptocurrency space primarily use more established cryptocurrencies like Bitcoin and Ethereum for their digital transactions.
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• Nov 26, 2021 · 3 years ago
  Yes, there are countries outside of India that use rupees as a form of cryptocurrency. One such country is Sri Lanka, where the Sri Lankan Rupee (LKR) is used as a digital currency. The Sri Lankan Rupee is primarily used for online transactions and is gaining popularity as a convenient and secure digital payment method. It provides an alternative to traditional fiat currencies and offers benefits such as faster transactions and lower fees.
  44345
• Nov 26, 2021 · 3 years ago
  No, currently there are no other countries outside of India that use rupees as a form of cryptocurrency. While there may be some localized initiatives or experiments with using rupees as a digital currency in certain regions, it is not a widespread phenomenon. The majority of countries and users in the cryptocurrency space primarily rely on more established cryptocurrencies like Bitcoin and Ethereum.
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