Connect with us


Bitcoin takes gold for Diwali, helped by top Bollywood stars




Ahead of Diwali, two of Bollywood’s leading men offer another option during India’s annual gold-buying frenzy: cryptocurrencies.
India’s top two crypto platforms each selected stars, Amitabh Bachchan, may be the most famous Indian actor of all time to promote cryptocurrencies as a superior and easy investment ahead of Dhanteras on the day of. most auspicious of the Hindu calendar to buy gold or start new projects. Indians have extended their investments in Diwali to include stocks, real estate, diamonds and other assets.

Cryptocurrency exchanges like CoinSwitch Kuber and CoinDCX based in Bangalore present Bitcoin as another option. In an advertisement for CoinSwitch, Ranveer Singh, star of some of the nation’s biggest blockbusters, delivers a Hindi rap about the simplicity of crypto trading.
Ease, however, may not be the central concern. The Reserve Bank of India effectively banned cryptocurrency trading until courts lift the bans in March 2020. Since then, the government has flirted with crypto governance legislation that could change the landscape for Investors.

Tapping into celebrity pitchmen helps push crypto into the mainstream and, particularly in the case of Bachchans, adds a measure of respectability. In addition to being a baritone god voice, Bachchan has been the famous face of RBI’s campaign against bank fraud, online and otherwise.
Aside from India’s plans for a virtual rupee, the RBI remains critical of cryptocurrencies, advocating that the government ban them. Over the weekend, officials met with Bachchan to reiterate his concerns, according to a person familiar with the development. The star said he is reconsidering his relationship with CoinDCX, the person said, asking not to be identified as the details are private.
Representatives of the central bank and CoinDCX did not respond to messages or questions sent by email. Calls and text messages to Bachchan and his representative went unanswered.
Singh has a fan base that leans towards the YOLO Generation as well as small town Indians. The merger with CoinSwitch is recent; the platform is the country’s largest crypto portal, with 10 million users to date.
Other Indian exchanges have attempted to demystify crypto for new investors, making it possible to buy or sell in two or three clicks.
A large number of global celebrities have advocated for digital coins. In the United States, soccer star Tom Brady and model Gisele Bundchen have a stake in FTX and co-star in its advertising campaign. Paris Hilton, Kim Kardashian, and Snoop Dog have also endorsed various crypto games.
By at least one metric, pitches are working: About 45% of crypto investors said they would invest on the basis of celebrity endorsement, according to a Morning Consult poll. Among investors more generally, 20% said they could be influenced by A-listers.


Read the original article here

Disclaimer! The News Motion is an automatic aggregator of all media in the world. In each content, the hyperlink to the main source is specified. All trademarks are the property of their rightful owners, all documents are the property of their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email [email protected]. Content will be removed within 24 hours.




The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos


to request, modification Contact us at Here or [email protected]