Mint ·
'How seamlessly can rupee move..,' Why UPI could drive India’s next crypto wave
India's UPI could bridge traditional finance and crypto, simplifying the movement of rupees into digital assets. Coinbase India plans upgrades to enhance payment efficiency, facilitating seamless transfer between banking and crypto.
India’s UPI could become a critical bridge between the country’s traditional financial system and crypto as digital assets move beyond trading and into payments, settlement and tokenised finance.
The bigger opportunity for India’s crypto ecosystem may not simply be getting more people to buy Bitcoin. It could make it easier for rupees to move into digital assets, for digital assets to move back into rupees, and for blockchain-based financial products to connect with the country’s existing payment infrastructure.
That is where UPI could play a significant role.