Sandeep Nelwal, co-founder of Polygon, says: The potential of AI in Nepal is high <\/strong><\/p>\n Kathmandu. Sandeep Nelwal, co-founder of Global Blockchain Network Polygon, has said that there is a lot of potential in the information technology (IT) and artificial intelligence (AI) sector in Nepal. Talking to journalists in Kathmandu during his visit to Nepal, he praised the reform-oriented steps and business-friendly policies of the Government of Nepal. <\/p>\n During the visit, Newal met Finance Minister Dr. Swarnim Wagle and Governor of Nepal Rastra Bank Dr. Bishwanath Poudel.<\/p>\n During the meeting, he expressed the view that Nepal can be made a regional hub of AI infrastructure and digital payments. Nelwal, also known as the Tech Billionaire, said that the rapid development of AI around the world requires huge computing power and green energy, and Nepal is in the right place for this. “Instead of selling electricity at a cheaper rate, Nepal can convert hydropower into AI compute and export it to the international market through the internet,” he said. He said that in the next 2 to 5 years, such a compute industry can contribute significantly to Nepal’s GDP and increase national exports by 50 to 100 percent. <\/p>\n Newal, who is in Nepal at the invitation of New York-based Cross River Bank (CRB) Executive Vice President Prabesh Rijal, said that data centers powered by renewable energy will provide computing resources at a subsidized rate to Nepali entrepreneurs and technology startups, thereby promoting local innovation ecosystems. Similarly, speaking on financial technology, he said that the modern payment system will significantly reduce remittance costs for Nepalis who are employed abroad. He said that the current fee of 0.5 to 5 percent can be reduced to a very low rate through regulated technology and stablecoin system, and the savings of the family can be increased directly instead of middlemen. <\/p>\n Regarding the regulatory policy regarding blockchain and crypto, Nelwall respected the local law and said that the ban on highly speculative cryptocurrencies is justified. However, he suggested the adoption of asset tokenization. <\/p>\n Nelwal, who has family ties to the Almora region of the Indian state of Uttarakhand, also recalled his personal closeness to Nepal. He informed that $275,000 has been provided to the Prime Minister’s Natural Disaster Relief Fund for the victims of the recent Bhotekoshi-Trishuli floods. <\/p>\n This is his first visit to Nepal, he has promised to return to Nepal with his family soon. His friend Prabesh Rijal, who has been active in raising international aid for the flood victims, had arranged this visit. <\/p><\/p>\n","protected":false},"excerpt":{"rendered":" Sandeep Nelwal, co-founder of Polygon, says: The potential of AI in Nepal is high Kathmandu. Sandeep Nelwal, co-founder of Global Blockchain Network Polygon, has said that there is a lot of potential in the information technology (IT) and artificial intelligence (AI) sector in Nepal. Talking to journalists in Kathmandu during his visit to Nepal, heContinue reading “Sandeep Nelwal, Co-Founder of Polygon, says: There is a lot of potential for AI in Nepal”<\/span><\/a><\/p>\n","protected":false},"author":0,"featured_media":126998,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[147],"tags":[],"class_list":["post-127013","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-samachar-en"],"acf":[],"jetpack_featured_media_url":"https:\/\/arthakhabar.com\/wp-content\/uploads\/2026\/11\/photo-2026-11-06-13-36-27_18436c4d.jpg","_links":{"self":[{"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/posts\/127013","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/comments?post=127013"}],"version-history":[{"count":1,"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/posts\/127013\/revisions"}],"predecessor-version":[{"id":127014,"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/posts\/127013\/revisions\/127014"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/media\/126998"}],"wp:attachment":[{"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/media?parent=127013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/categories?post=127013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/tags?post=127013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}