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Paytm Founder Says Crypto Is For The Long Haul, Set To Become Mainstream in 5 Years

Vijay Shekhar Sharma, the founder of Paytm highlights during a virtual conference by the Indian Chamber of Commerce (ICC) Thursday. More so, he states that cryptocurrency is here to stay, according to PTI reports. Then, He continues that crypto is Silicon Valley’s answer to Wall Street.

Notably, Paytm is an Indian multinational technology company focusing on digital payments.

Additionally, The company finishes an initial public offering (IPO) last week. Also, revealing during its IPO filing, that it has 337 million consumers and 22 million merchants.

Then, Vijay Shekhar Sharma, the founder of Paytm expresses.

“I am very positive about crypto. It is fundamentally based on cryptography…”
“and will be the mainstream technology in a few years…”
“like the internet which is (now) part of daily life.”

More so, The Paytm founder confirms that cryptocurrency is currently in a speculative manner,

“Every government is confused. In five years, it will be the mainstream technology.”

Furthermore, Vijay Shekhar Sharma, the founder of Paytm thinks that people will see how the world would be without crypto.

Surprisingly, he highlights that crypto will not replace sovereign currencies, like the Indian rupee.

Lastly, The Paytm founder goes on to note that his company’s revenue surpasses $1 billion and will launch in developing countries.

“Now Paytm in a JV with a Japanese entity is running Japan’s largest payments system. Later we will go without a partner,”

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Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.