[captn3m0]

Banking penetration in India is at 80+% mainly due to DBT pushing straight to bank accounts.

India’s smartphone penetration is at 41%.

All exchanges in India require a Savings Bank account for Fiat transfers. How are these unbanked people meant to use crypto really?

[onelastjob]

You don't have to use an exchange to acquire cryptocurrency. People can use sites like localbitcoins to exchange cash for crypto in person.