Wednesday, April 8, 2020

India’s most popular game show exposes its viewers to cryptocurrencies

The Takeaway:

In one of the most popular game shows in India Kaun Banega Crorepati, the host asked a question about Facebook's Libra. After the participant rightly answered the question, the host went on to explain the concept of cryptocurrencies to millions of its viewers.

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The Indian version of who wants to be a millionaire, which is hosted by the veteran actor Amitabh Bachhan yesterday exposed its millions of viewers to the concept of cryptocurrencies. In Monday’s episode of the popular game show, the host asked the contestant a question about Facebook’s Libra and then went on to explain the basic concept of digital currencies. 

This happened when the 19-year-old contestant Himanshu Dhuria, from Uttar Pradesh, was on the hot seat. One of the questions asked to him was,

“What is Libra, proposed by Facebook?”

Himanshu had four options: artificial intelligence camera, instant messenger app, short video platform, and cryptocurrency

After the contestant opted the right option, host Amitabh Bachchan went on to explain millions of viewers that a cryptocurrency is a form of a digital and global money system. He further mentioned the names of bitcoin, litecoin, and ripple as examples. 

Nischal Shetty, CEO of crypto exchange Warzix tweeted the clip of the game show and wrote crypto is the future of finance and innovation. Currently, there is a blanket ban on cryptocurrencies in India. And a regulatory committee is planning to propose a law that would make dealing in any cryptocurrency illegal.

Many from Indian crypto community are fighting the RBI ban in the Supreme court of the country. Future of the crypto market in India is currently in the dark. Let us know in comments, how do you think exposing people to cryptocurrency would help?

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Disclaimer: The article reflects the opinions of the author and is not representative of Chaintimes’ views.
The article does not offer any investment advice. User discretion is advised when investing in or trading with cryptocurrency. Extensive and diligent research should be carried out by the reader before making a decision.

Cheng Wei Chan
Cheng Wei Chan
Cheng is an AI & APP Engineer based in Taipei City, Taiwan. After completing his graduation in Computer Science from National Taiwan University, he dedicated his life into researching and writing about technologies such as blockchain, cryptocurrency, artificial intelligence and application development.

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