With the coronavirus pandemic rendering many people jobless and shattering businesses, the Generation Z workforce in Chennai has turned to cryptocurrency for passive income.
The Supreme Court striking down the ban on the cryptocurrency has attracted people’s interest in this investment option, said Nischal Shetty, founder of another cryptocurrency platform WazirX.
“In the last six months, the trading volume in cryptocurrency has grown by 400 percent and signs up increased by three-fold. People who have lost jobs and whose salaries have been cut are trying to earn money this way. Globally, the value of the cryptocurrency has risen up while the stock prices are fluctuating,” said Nischal Shetty of WazirX.