The American Rescue 📌 #Unocoin, the Indian crypto exchange and cryptocurrency wallet will now be allowing its users to purchase everyday consumer items using Bitcoin.
📌 Rather than a straight purchase as one might do with cash for a product, Unocoin enables users to buy vouchers using the digital coin. These #vouchers can then be used to purchase said consumer items.
📌 The #exchange has put out parameters that allow users to transact with Bitcoin worth Rs 100 to Rs 5,000 to buy the vouchers. The company will feature the brands whose vouchers can be bought, on its mobile app.
📌 Unocoin says this would show over 90 #brands — including the likes of Domino’s Pizza, Café Coffee Day, Baskin-Robbins, Himalaya, Prestige, and more — from which users can select a voucher of their choice.
Though Unocoin is not the first of its kind to attempt such a scheme. Before Unocoin, came #Zebpay, which partnered with #Flipkart to give its customers vouchers for Bitcoin.
Unocoin’s announcement of this new scheme came just two days after #CoinDCX‘s massive funding round. The crypto exchange managed to raise #funds of $90 million from its investor Eduardo Saverin’s B Capital amongst others. This brought a big boost to the cryptocurrency ecosystem in #india .
What are your views on this initiative? Would it be a good start to boost the uses of cryptocurrency in India?
Akash Jain
Founder,
TAXCARETODAY
#taxcaretoday
Blockchain Bitcoin Cryptocurrency
Location: Jaipur, Rajasthan 302012, India
