India’s adoption of bitcoin has been largely anticipated by the bitcoin community after seeing China’s recent push for the most popular digital currency. With over a billion citizens, India has just launched their own exchange Unocoin.com, which now services the 2nd most populated nation in the world.

Meanwhile Bitcoin Indonesia, which can be found at bitcoin.co.id, is now exchanging their fiat currency, Rupee, for bitcoins. This article has more:

“The advantage of bitcoin compared to conventional currency is that bitcoins do not experience inflation,”  [Oscar said, co-founder of Indonesian bitcoin trading website] . “The condition of a country sometimes makes its central bank print more currency, but it bitcoin, inflation is unlikely because the amount is fixed.”

[…] “In order to raise awareness of bitcoin, we plan to hold seminars and book launches,” he said. “My target is to raise the value of bitcoin transactions in Indonesia from Rp 2 billion per month to Rp 2 billion per day.”

[…] On Saturday, Bank Indonesia, the country’s central bank issued a statement about bitcoin.

“Bitcoin is a potential payment method, but it’s different than ordinary currency,” Difi Ahmad Johansyah, the executive director for communication at Bank Indonesia, said. “It is not regulated by the central bank so there are risks.”

As we can see from this chart taken from Wikipedia below, the worlds top 4 most populous nations are off to the races, bolstering what could be the next financial boom for those willing to take the risk of adopting the young global, decentralized crypto-currency.

Will we see massive support from Brazil next? Perhaps, as it’s gaining popularity there as well.