New Delhi: Cryptocurrency Exchange Wazirx on Wednesday said it has recorded a growth of 2.648 percent on users of users from Tier-II andIII in India.
Based on the report produced by the Payment Gateway Firm Razorpay, Wazirx said the Tier-II cities and -III were almost 55 percent of the total user registration on the platform in 2021, thus overtaking Tier-I signs which showed a sign of growth of 2,375 percent.
Wazirx in a statement said the entry of internet was cheaper and faster in charge of the price of a continuous smartphone has caused rapid internet penetration in semi-urban cities and Indian countryside cities.
“Coupled with a pandemic-induced locker, he has accelerated digital adoption in this area.” In addition, it is also the biggest driving force of Crypto adoption in India, because it has caused people to try to find new ways to get online and diversify their portfolios, “said the statement.
India-based exchanges have more than 7.3 million Users, and have scored more than $ 21.8 billion in trading volumes by 2021 to date.
Tier-II cities such as Ahmedabad, Lucknow and Patna have reported an average growth of 2,950 percent, while Tier-III cities Like Ranchi, Imphal and Mohali have reported an average growth of 2,455 percent in Wazirx, the statement said.