India Has The Highest Number of Facebook Users In The World—What Does It Mean For Steemit?
Facebook is undeniably the biggest and most popular social media site in India. There has been an exponential rise in users from India on various social media websites across the world in the past year. A year ago Facebook had 213 million users from India and this year we're a lot higher and have overtaken USA. It's only a matter of time when we see over 300 million users from India.
Steemit has paid out more than $20 Million dollars in 1.5 years through it's upvotes system and community based curation of content. How much has Facebook paid you for your content and profiteering off your personal data? Steem currency has risen at a stable rate after the massive dumping ended earlier this year when hyper-inflation was brought under control.
Huge potential from for Steemit from India
There's a lot of room for Steemit and other applications built on the blockchain to grow in India and benefit from onboarding users from India in the long run.
- India is the 2nd largest english speaking nation in the world.
- Over 300 million smartphone users are online and signing themselves up on social media platforms.
- YouTube has found a great potential and has been marketing it's social media platform in several ways.
- YouTube's mobile watch time is growing at 400% annually from India.
- There's a massive upside in bringing India's rural population to the internet.
- Huge untapped potential in e-commerce.
- Easy to start online businesses and a fast paced economy.
- Huge demand from brands for strong online presence in India.
- Social media influencers are high in demand amongst brands and PR agencies for promotions and marketing.
- Cross platform marketing potential.
- Huge potential for targeted marketing campaign for signing-up users from India.
Steemit Education
- Steemit has quite the learning for anyone new to this platform and education is key.
- India Steemit Accelerator was one of my initiatives to take Steemit forward in India.
- Current users can easily on-board new ones and help them with the basics of the platforms.
- Videos, podcasts, posts etc whatever it takes to help new users to understand the use of the platform allowing it to scale.
- Steem is one of the fastest blockchains out there today. This needs to be marketed as well.
- Marketing the Steem blockchain to the masses across the globe. Teach people how it works, it's use cases and potential to build apps on it.
Reduce Mis-information about Steemit
Talk to people and point them to the correct information. All the information that you need to know about the platform is available on this and other social media platforms. You can do your due diligence to find the truth about how this place works and if it's real or not.
People are coming to Steemit from all over the world in many different ways. Yesterday I posted a thread sharing my story about how I discovered the platform, hundreds of users of the platform posted their own stories in the comments. You can read the post here!
Investing In People!
Growth in cryptocurrency adoption from India will signal a massive movement towards these new protocols and technologies in the next few years. It would be wise for developers and marketers to look at India as a huge market for Steem based applications. Starting now and continuing their efforts well into the future, might just pay off.
As you know greater adoption of the Steem blockchain and cryptocurrency can possibly lead to a greater demand and better price for one of our favorite cryptos. I hope Steemit and various other platforms continue to welcome users from India and the Indian sub-continent.
If you like my work kindly resteem it to your friends. You may also continue reading my recent posts which might interest you:
- Steemit Mentioned In: How to File Tax Returns in India for Your Bitcoin Profits—My Latest Feature In TheQuint!
- 4 Tips For Steemit Account Recovery & Wallet Security!
- Let's Talk—How Did you Discover Steemit.com?
I'm not sure if that 241 mil figure is an accurate representation of real, unique users. Lots of bot farms in India, so I'd say less than half are probably actual people.
But still, if Steemit can get some traction in India, a country which has a significant population of tech-savvy users, we could be looking at insane network effects and price surges.
i agree with your concern of many bot farms originating from India ... hopefully, we'll have many people from India that do indeed provide quality content to SteemIt.
Can you imagine Steemit lifting Indians out of poverty, or at least allowing people to supplement their meager earnings? If Steemit it catches on in India, it will spread like wildfire in no time.
Yeah, imagine the entire country of India getting on Steemit and getting paid for being online; it will change so many lives!
exactly, hardware is cheap in India, so there is a mining potential if there could be reliable source of energy in cold regions.
Great article @firepower!
The obvious presence and uprise of India in the realm of cryptocurrencies and especially in the case of our Steemit platform will create monumental cultural shifts as well as financial rewards for the whole ecosystem.
The presence of Eristica, D.Tube and the likes will blow the situation right out of the water for everyone's benefits. Thanks a lot for this update and great data underlining the importance of India's presence among the giants of telecommunication!
Namaste :)
According to the article there was a massive rise of Facebook users in the past one year , A big credit to that goes to Mr.Mukesh Ambani from Reliance for bringing the Jio internet services.(it was free for one year)
This move by him made India the largest consumer of the internet.😊
Great piece of information! Thanks a lot for sharing, I hope other people will read this comment thread.
Namaste :)
Namaste :)
People like Good and Honest posts.
If this thread has the above mentioned qualities.
Then Why not?
It is true. I am a German national living mostly in India and I have to say before JIO the Internet was EXPENSIVE and unreliable. Since JIO all the other providers get in line and upgrade their towers and their price-structure. Still JIO is the best offer with a huge distant to the second, which at the moment seems to be IDEA but that is a moving target as all the others change their "special offers" almost weekly. At 1 GB data per DAY for a meager 500 Rs a month (about US$ 8.-) this is still even better than anything you get in Germany.
Yes , Jio has been a complete Game Changer.
In the span of one year , it took over the entire indian market of mobile network providers.
Like you said , it was because of Jio , other network providers had to upgrade thier plan and towers.
But your slightly wrong about the Jio price structure .
For 459Rs you get 1gb/day for nearly 3 months.
You are right, my bad, thats even BETTER. :-))
One day Maximum users will be from Indian and we are trying to maximise it too.
Yes you are right..
Indian's will be everywhere :) shared on my timeline
Great share ,informative artical.
Imagine if all the facebook user come to steemit and leave facebook.To make this happen we should share the the love of steemit to our loves one on facebook or near and dear.
This feeling is making me exotic.
Great article, some very good points made! Trends in India certainly can make major ripples in the crypto and social media world. Kate
I think reliance Jio is one reason for this boost in India's internet use :D. Anyways being an Indian, i am glad that i got to know about Steemit before it is too late. Whenever i refer my friends to Steemit, they would get motivated and sign up. Then the quality users survives and the "i want to make lots of money in a week squad" would give up, which is absolutely okay as we only need quality users here :)
Thats very true.Only quality users survive in the end.Whenever I recommend Steemit to someone I stress on the quality part,passion for writing,blogging etc.Hope I am not demotivating the other kinds.But doesn't matter as they always have other social medias.
Thanks to the great initiatives by @firepower in spreading awareness about Steemit .Lets hope for more and more passionate people join this platform from India
Thanks for this informative post @firepower. Have you written something about how to convert SBD/Steem into 'real money' because I beleieve there's still a lot of conufsion regarding what to do after you've spent a considerable time here on Steemit and how to get real money. (At least I am still unaware and with so many technicalities thrown at the drop of hat while explaining the whole money concept, I kind of feel lost :/)
India has a great potential for taking Steemit to billion people! The growth of facebook users and youtube is attributed to competitive mobile data price. Even the developers are not aware of Steemit, that is the main reason for my tech talk at upcoming meetup in Bangalore.
There is so many different cultures in India. The diversity of the influx new users to Steemit is mind boogling. Watching communities grow is one of the most interesting things to watch here on Steemit.