Have you ever thought of ordering a pizza and paying with Bitcoin? Indian cryptocurrency exchange Unocoin has now announced that its users can use Bitcoin to purchase gift certificates, adding that a registered Unocoin user can easily buy coupons between Rs 100 and Rs 5,000 from at least 90 different brands using Bitcoin.
The company further clarified that this offer can be used by the Bitcoin holders who have completed their Know Your Customer (KYC) verification. The cryptocurrency can also be used to avail coupons from brands ranging from travel, restaurants, lifestyle to clothing, accessories, hotels and much more.
This offer includes brands such as Domino’s Pizza, Himalaya, Baskin-Robbins, Prestige, Café Coffee Day.
Sathvik Vishwanath, Co-Founder and CEO, said in a statement that cryptocurrencies like Bitcoin have gained immense adoption by the masses and are bartered by millions of users around the world. Through this new initiative, Unocoin also aims to educate the Indian subscriber base about the various uses of cryptocurrency.
He added that western countries like the US have so many physical stores and e-commerce platforms that accept Bitcoin as a form of payment. However, India does not have this acceptance and this offering will help people understand how to spend Bitcoin in the country.
Regarding the offer details, those interested in taking advantage of the offer must go to the “BTC” page after logging into the Unocoin account and click on “Shop”. Mobile app users will see the “More” section on the dashboard and after selecting a voucher worth INR, its Bitcoin equivalent price will be displayed and users can then proceed to pay and claim the voucher code.
The price of Bitcoin on August 8th was Rs 32.96.942.
Unocoin, based in Bengaluru, was founded in 2013 and is known as the first Indian company to enter the cryptocurrency industry. According to the company, it has served over 1.5 million customers in the past eight years.
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