Bitcoin Accepted as Payment by Numerous Indian Firms
Bitcoin and blockchain have changed the way we interact with the internet and have disrupted a wide range of industries. As a result, while the cryptocurrency sector in India is still unregulated, various companies are already taking steps to tap into the rapidly growing user base of the digital currency. Some businesses have already begun accepting payments, while some are contemplating doing so in the near future. While cryptocurrency trading is still very much in infancy in India as compared to other developed economies, it is becoming more popular. Allow me to introduce you to some of the establishments that have begun to accept virtual money as payment.
This e-commerce business is poised to become India’s leading online store that accepts bitcoin payments in the near future. With the development of the country’s cryptocurrency environment, the company is concentrating on modifying its present business tactics to be more competitive. Highkart was established by Amit Kumar in the year 2013. Kumar has a wealth of knowledge and expertise in both the information technology and business industries. He has also served well-known IT behemoths such as Infosys in a variety of capacities, which contributes to his impressive background.
The incorporation of Bitcoin Payment, as per HighKart.com, simplifies the purchasing process for clients. Mobile phones, cameras, apparel, gadgets, laptops, and cryptocurrency mining hardware are just a few of the items available for purchase in the retailer’s online store. Kumar told potential customers that HighKart.com now carries virtually everything they need to shop online.
The Rug Republic
The Rug Republic is a Delhi-based decor company that accepts payment for its products in any of the top 20 cryptocurrencies by market capitalization, in addition to Bitcoin. Despite depending on third-party platforms such as WazirX and Binance to process transactions, the company says it intends to develop its own payment system in the future.
Buyers who wish to make a bitcoin payment on The Rug Republic’s website must first contact the firm using a link on the company’s website. When it comes to peer-to-peer cryptocurrency transfers, the Rug Republic now uses the WazirX and Binance platforms. It does, however, want to develop a cryptocurrency payment method that will be used internally.
In addition to accepting Bitcoin, Purse is one of the few online markets that takes other cryptocurrencies outside Bitcoin, such as Bitcoin Cash. Online store Purse sells electronic devices. It is based in the United Kingdom. There is no need to convert your cryptocurrency into fiat if you ever have some Bitcoin or Bitcoin Cash in your wallet and want to purchase something electronic. Purse allows you to make a transaction without the need to go via a third party. You can also convert your Bitcoins into gift cards that can be redeemed on Amazon to make purchases.
It is possible to purchase things from Sapna with Bitcoins from any location in India. When a user chooses to pay with cryptocurrency tokens, the payment is processed through the Unocoin cryptocurrency exchange in less than 30 seconds. As well as books and electrical gadgets, Sapna is one of India’s most popular online businesses, offering a variety of other items such as presents, health care products, and children’s toys. Books are available for purchase in both pdf and hardcover formats.