The history is debatable, but it is believed that over 2,500 years ago the first coins were introduced and around 1,400 years ago the Chinese were the first to use paper tickets (mainly in the form of private tickets). credit instruments or exchange notes issued). Some of the earliest forms of ancient coins were minted by merchants as tokens for use in commercial transactions. Although it took centuries for coins and paper notes to take hold across the world, their commercial utility had such an impact that even today our interpretation of money largely depends on them. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essay Fast forward to the 21st century and what we are seeing are cryptocurrencies and, with great excitement, the technology behind them – blockchain technology. This article is just an attempt to understand some of the probable reasons for the growing popularity of cryptocurrencies in India and highlight the emerging recognition of blockchain technology. Over the past few years, the concept of cryptocurrencies has attracted considerable global attention, which India has done. I was watching closely. It is perhaps not very difficult to believe that such a period of observation could have served as a head start for many fintech enthusiasts in India. The novelty factor has further increased the interest and curiosity in cryptocurrencies. Anticipating profitable returns on an investment is an investor's natural tendency. The staggering price increases of some of the most popular cryptocurrencies over a very short period of time may have looked very attractive from a returns perspective, but the high prices of these popular cryptocurrencies also make them unaffordable for small investors and one likely consequence is that this could incentivize these small investors to explore other cryptocurrencies with the anticipation of similar levels of return to popular cryptocurrencies. However, ROI is only one of many factors when evaluating and reviewing an investment opportunity. Other factors, such as exercising caution and assessing the prospects of a project for which investment is sought, are also very important. Another factor driving cryptocurrency trading in India could be the profile of the small trader – young, tech-savvy and compliant – a phenomenon emanating from favorable demographics. According to a media report, Reliance Jio Infocomm Ltd is planning to create its own cryptocurrency, JioCoin and is also planning to build a team of young professionals to work on blockchain technology. Kodak also plans to offer its own cryptocurrency called KodakCoin – intended to function as a token within its new blockchain-based KodakOne platform – a rights management platform for photographers. Keep in mind: this is just a sample. Get a personalized document from our expert writers now. Get a custom essay Another company – Obizcoin plans to provide its proven solutions via BOT. OBIZCOIN Develops Smart Business Process Automation BOT Based on Artificial Intelligence and Blockchain Technology..