FP trendsJuly 15, 2021 14:53:54 IST
Amidst the growing trend of Indian encryption, a social networking forum in Bengaluru Leher is witnessing a steady rise in cryptocurrency-related discussions. Discussions on the platform typically revolve around ways to invest in encryption, blockchain technology, Indian encryption settings, its scope, the outlook for encryption investment, and more.
In March last year, the Supreme Court overturned the RBI ban on banking encryption in a trade where it focused on alternative regulatory measures. Since then, encryption conversations have grown many times over in the country. Recently, India ranked 11th in the global encryption deployment list in the Chainalysis report. Every day, the country has a user base of 10 million encryption users.
Speaking about the app’s ongoing cryptographic discussions, Leher’s founder and CEO Vikas Malpani said: “While a viable option, most Indian audiences are still naive when it comes to cryptographic investments. Leher the app helps people seek better understanding with experts ”.
Known as an Indian alternative to the sound platform in New York Clubhouse, Leher offers people with similar interests and preferences to connect, learn, discuss ideas, and build fruitful relationships. The user base of the app is currently 2.30 lakh, which doubles monthly. Users typically spend about 15 minutes to two hours in the app. It’s available on both Android and iOS devices, and has a 4.3 rating out of five Google Play Store.
Users can access the app by signing in to their Facebook account, Gmail account, or phone number. After registration, the app redirects the user to a screen with areas of interest to choose from. Like other social media platforms, users also have the ability to follow each other and send live messages.
Unlike Clubhouse, Leher can be used by anyone, but private clubs need an invitation. The app also develops several commercialization models that allow content producers and curators to make money for their audiences and collaborate with brands, Vikas revealed.