We are delighted to announce our expansion across the Asian continent, Introducing PAID Network India!
PAID Network’s goal is simple: to ensure individuals #GETPAID — regardless of geographical location. The rise of digital currencies in Asia provides the ideal opportunity to establish ourselves as an innovative disruptor and market leader across India. PAID Network is taking the next logical step in our global strategy by providing new opportunities for professional growth and development for individuals in India, where a young, vibrant working population has become increasingly prominent. With PAID Network India’s involvement, the Indian population will be afforded a new level of accessibility, previously unavailable.
India’s digital currency credentials are growing exponentially
With over one billion residents, India is another excellent example of a highly populous country looking to introduce its own official digital currency.
The Reserve Bank of India just released an update on its intentions for a central bank-authorized digital currency. They expect this project to be completed by the end of 2021, despite its aggressive attitude towards cryptocurrencies in recent months. What type of digital currency will be released? The Central Bank Digital Currency or CBDC. Unlike Bitcoin and Ethereum, which are primarily speculative trading vehicles, this new form of legal tender will be accepted as fully legal money alongside the Rupee.
Prime Minister Narendra Modi recently announced the launch of the e-RUPI. A digital voucher program allowing Indian residents to transact and pay for goods or services via their phones instead of more conventional methods such as cash on delivery (COD).
India’s progress in facilitating digital currencies continues the trend of countries seeking alternatives to fiat currency. China recently launched its digital RMB, while the Bahamas introduced their digital sand dollar in early 2021.
PAID Network and the emerging markets of Asia
Asia has embraced digital currencies, with the countries in this region increasingly aware of the transformational benefits. With a rapidly growing population and more and more people turning to e-currency for trade, it’s no surprise Asia is at the frontier of innovative financial systems.
Our upcoming PAID DApp will be the perfect solution for an equitable and fair workforce. With features like a verified identity system, PAID Network is creating one of Asia’s most user-friendly platforms to enable individuals (and employers) in any industry to #GETPAID!
PAID’s ecosystem allows emerging blockchain technology to thrive by fostering a robust partner network of companies aiming for mutual benefits from our network effects. With each company onboarding, PAID expands its influence exponentially while creating opportunities through joint ventures and collaborative efforts among members within our expanding community-based structure.
PAID Network India is an example of how emerging markets can be involved with blockchain technologies. By following in the footsteps of IGNITION, PAID provides an opportunity for these underrepresented nations to partake in launching innovative and disruptive projects to encourage technological progress and personal growth.
Our strategy is only beginning
The launch of PAID Network India is just one of many steps in our comprehensive strategy to ensure $PAID has a global footprint. We’re carefully maximizing opportunities in a rising market such as India, as our previous article explains.
PAID Network India is a significant milestone allowing millions of people in Asia and emerging markets to take full advantage of all opportunities. With its innovative features and disruptive innovation, PAID will continue leading Asia as we move forward into this next chapter together!
Don’t miss out! SIGN UP FOR PAID NETWORK INDIA!
PAID Network seeks to redefine the current business contract, litigation, and settlement processes by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID wherever they are in the world.
PAID technology leverages Astar to operate on both Ethereum and Polkadot ecosystems. PAID makes businesses exponentially more efficient by building Smart Agreements through smart contracts to execute DeFi transactions and business agreements seamlessly.
PAID streamlines backend legal operations with Smart Agreements, so that projects can focus on making their brand bigger and better.
For any questions for the PAID network, please feel free to reach out to us on our: