How to use 50 trillion Shiba Inu in Covid-hit, Crypto-wary India

When Vitalik Buterin, one of the creators of the cryptocurrency Ethereum, donated more than 50 trillion Shiba Inu coins ($1 billion) into an aid fund for Covid-19-ravaged India, it raised more concern than relief in the crypto-wary nation.

Not only did the contribution—more than 5% of total Shiba Inu coins in circulation—send prices plummeting by 50%, it also created questions about how to use the currency in a country that strictly monitors foreign inflows and where the central bank has voiced “major concerns” about cryptocurrency in general, forget about a memecoin.