Cryptocurrency is the latest financial trend in the world. Everyone is talking about the virtual currencies and these will become common in future. After achieving popularity in English countries cryptocurrency is entering other countries. India is also expected to make these digital currencies legal soon.

Laxmicoin, the desi form of a cryptocurrency was first launched in 2012 but due to the legal issues, any use of such currency was banned in India. But after the popularity of bitcoin, this matter has become a matter of discussion for the Indian government. The RBI Executive Director Sudarshan Sen said recently “Indian government is uncomfortable with non-fiat currencies”, and mentioned Bitcoin as a particular example.

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If Laxmicoin gets a green signal from the government it will have very big impacts on Indian economy and the mode of payments that are currently used in the country. The creators of Laxmicoin: Raj Dangi and Mitts Daki are very hopeful to get a positive reply from RBI and Indian government in the coming days. This one step will also have a huge impact on those who don’t have cards for making payments and this new currency will be a new alternative for them. The company has also set a date an Initial Coin Offering (ICO) on 1st March 2018 that will also decide a number of things on how this all will work in India.