Bitcoin is steadily gaining popularity in many parts of the globe, particularly in India. And the government’s recent decision to demonetize two currency notes is helping speed up the popular digital currency’s traction in the country.

To crack down on corruption, fake currency notes and tax evaders, the Indian government made a historic move last week and banned currency notes of 500 and 1,000 denomination. Prime Minister Narendra Modi announced the move in a “shock and wave” manner so black market savers didn’t have enough time to do something about it, local media outlets reported.

The announcement has, of course, resulted in people standing in line at banks to exchange or deposit the scrapped rupee bills—a staple in ATMs in the country. And as the ATMs start running out of money, it could pave the way for an increase in demand for bitcoin in India.

In an interview with the EconoTimes, Sathvik Vishwanath, CEO of bitcoin company Unocoin, said he believes the ban could boost bitcoin adoption in the country.