Growth of crypto currency – Bitcoin – explained

What is Crypto Currency

A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions, to control the creation of additional units, and to verify the transfer of assets. Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.

Bitcoin, created in 2009, was the first decentralized cryptocurrency. Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, as a blend of bitcoin alternative. Bitcoin and its derivatives use decentralized control as opposed to centralized electronic money/central banking systems. The decentralized control is related to the use of bitcoin’s blockchain transaction database in the role of a distributed ledger.

What is Demonetisation

Demonetisation is a situation where the Central Bank of the country (Reserve Bank in India) withdraws the old currency notes of certain denomination as an official mode of payment.

On November 8, 2016, Prime Minister Narendra Modi in a surprise announcement said the existing higher denomination currency (Rs 500 and Rs 1000) will cease to be legal tenders. PM said this is government’s biggest push to fight black money and end corruption. The opposition, however, criticised the government for poor implementation of the scheme and said a lot of people have died standing in queues trying to get their hands on the new currency.

Whether Cryptocurrency and Demonetisation related to each other

Cryptocurrency started long back, but growth has seen during demonetisation, and sudden downside by 31t Dec’16, when 500 & 1000 tender notes are not valid in India. As these transactions are not governed by any government, hence unaccounted money is invested in Bitcoin that provides the visibility as another instrument that can be used for under the table dealings. Below mentioned chart from explained the relationship

How to Regulate cryptocurrency

Organizations needs to share the transaction details for any transaction. In case user tries to withdraw the money then Bank should block the money and explain the source of investment to be presented to Income Tax before releasing the money.

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Seller Perspective Review for Amazon, Flipkart & snapdeal

Seller Perspective Review for Amazon, FLipkart & snapdeal

Any seller is looking for below mentioned asks from market place.

  • Easy registration process
  • Dedicated customer care support
  • Easy to add Products on web site
  • Packing & Shipping Service

We have done analysis for some marketplace as mentioned below and find detailed difference on above capabilities

  • Amazon
  • Flipkart
  • Snapdeal


Capability Amazon Flipkart Snapdeal
Registration Process It is pretty simple, user needs to provide couple of information and he will get on boarded very quickly. user will get the call from customer care in case he stuck in between.

Total time <1 day

Registration process is little complicated, as user needs to provide detailed information and team will check it offline, sometime u need to follow up using ticket creation for activating the account

Total time  ~ 3-4 days

Registeration process is pretty simple, and easy. Really appreciate.

Total time < 1 day

Product Addition Very Easy to add new product You need to provide multiple information to list your product for selling Addition is easy, but your listing will move to pending state then it will approve after some time

Based on above mentioned will recommend the Amazon Seller central then Flipkart & Snapdeal. and Snapdeal is better then flipkart from seller interface.

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First Impressions Collection – Wallet Wristlet

(Consultant id: 7565137)

Place a single order of 75BP and qualify for First Impressions Wallet Wristlet for Rs. 199*

Valdity: 1st – 30th November 2017

Practical yet trendy, this beautifully designed dark brown wallet is an instantpick-me-up for this season. It has a stylish cardholder with multiple slots for keeping your monetary and identity essentials secure and handy. Dimensions: 210 x 120 mm
Code: 29980
MRP: Rs. 1499

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