by Rushali 
If you have been following the news lately then you must have heard of the news that El Salvador became the first country in the whole world to accept bitcoin as a legal tender.
A legal tender is nothing but something which can be used in the form of money to repay taxes and debts.
I am sure there must be people who are behind the whole fight of accepting bitcoin as a legal tender as they did it with a voting system. While researching this particular news I came across a very interesting fact that there are some countries that don’t have their own currency and El Salvador is one of them and they follow the process of dollarisation to accept the US dollar as the currency which can work in the country, I mean they had to otherwise it becomes a faulty system.
So, I was talking about the people and prominent personalities who have been a part of the revolution that has been started to regulate the whole crypto space. And I think the times are not far from here, where we will be looking at a mass acceptance of cryptocurrencies.
I am not just talking about replacing the mainstream fiat money and using bitcoins in your daily shopping and buying groceries, that is definitely not happening, at least not in the near future but, the regulation of cryptocurrencies as an asset class like people buy gold and silver…Gold holds value but people don’t use gold in there daily amazon online shopping, It would be funny to see the delivery guys being handed off gold in exchange of packages and that is the same with bitcoins.
I am saying that as people buy gold because of their value which is inflation-free people can buy bitcoins too and those days are not very far with El Salvador taking the first step and I am sure even India will not stay behind especially when people are fighting for it and talking about it.
Entrepreneurs are using Twitter as a space for demanding peacefully the regulation of crypto instead of banning them by using hashtags such as #Indiawantscrypto and it is refreshing to see that people are also supporting them.
Today we will take a look at a personality who is leading this cryptocurrency movement in India and is also one of the prominent figures in the Indian crypto space and has also been featured by Forbes in their 30 under 30 lists.
Let us take a deep dive into the life of the Wazir himself Mr. Nischal Shetty, one of the founders of WazirX, India’s leading cryptocurrency exchange, and also as per the drill of this blog we will also take a sneak peek at his current net worth.
Introduction
Nischal Shetty was born in Mumbai, Maharashtra in the year 1986 and he is a software developer turned entrepreneur and famously known for founding WazirX, Indias biggest cryptocurrency exchange that withstood the 2017 cryptocurrency ban plans from the Indian Government.
The now WazirX founder was an average guy like all of us the son of a normal restaurant business owner, it did not start like this for him. In fact, in one of the incidences in his online published interviews, he recalls that he was against the online market in India at a point in time because once he ordered something off the website named eBay, and got a counterfeit product instead of the original one.
Nischal had a keen interest growing up in computers and coding so he completed his education in the field of Computer science earning a Bachelor of Sciences degree from the Visvesvaraya Technological university situated in Belgaum, Karnataka.
He started his career as a software programmer and coder in 3i infotech, a global IT company that has its headquarters in Mumbai and develops and serves clients from various industries like medicine, manufacturing, and Government sectors.
Moving on to his first entrepreunal venture called Twi5, A one-stop destination to find all kinds of Twitter applications.
Nischal also worked as one of the lead software developers in Burrp!, it was India’s one of the first try at the food tech industry directly held as the competitor to yelp.
In 2010, Nischal stepped in the shoes of entrepreneurship and became one of the co-founders of Crowdfire, A company that targeted creators and entrepreneurs who need to build their brand as crowd fire is a sort of marketing bot which chooses and applies the right marketing technique to grow the brand. According to his linked in “Crowdfire helps Creators such as bloggers, YouTubers, e-sellers to grow their audience and build a brand. It’s a marketing bot that plans and executes the right marketing techniques needed for growth.”
And then in 2018, just three weeks before the crypto ban regulation bill was amended He launched his biggest venture under the name of WazirX, India now leading cryptocurrency exchange acquired by the worlds leading cryptocurrency exchange Binance and withheld the storm by launching the peer to peer transaction system in which no government entity or banks get involved directly in buying or selling cryptocurrencies which became an instant hit drawing millions of users and now he is the one leading the cryptocurrency wave of India with his Twitter hashtag #Indiawantscrypto and also by appearing and openly talking about this space and the importance of it on different shows and podcasts.
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Nischal Shetty Networth
It is just the starting for the Indian crypto space and its evergrowing community, it has been just two years and they have already launched their own crypto token known as WRX which will provide a 50% discount on the transaction fees of the trades you take. The signups have been growing exponentially too.
The presumed networth of Nischal Shetty as of 2021 is around five million US dollars which translates to almost 38 crore Indian rupees.
