INSUBCONTINENT EXCLUSIVE:
Suryawanshi Restaurants in Bengaluru's Indiranagar and Whitefield accept payment in BitcoinsMost investors see cryptocurrency as a store of
value and a means to make quick profits
But some of these virtual coins are gaining wider acceptance – as a payment option like the traditional rupee or dollar
The biggest endorsement for Bitcoin, the oldest and most popular of all these virtual currencies, came from billionaire entrepreneur Elon
Musk who said in July that his electric vehicle-making company Tesla will “most likely” start accepting payments in Bitcoin again
Several others have also announced that they would be accepting cryptoins as a payment option.In India, too, you can buy items online and
pay at selected restaurants in crypto coins
Though cryptocurrency has not received the backing of the government, the Supreme Court has reversed a 2018 RBI ban on its trade.Here's
where you can use cryptocurrencies to buy goods and services in India:Suryawanshi Restaurants in Bengaluru's Indiranagar and Whitefield
accept payment in Bitcoins
So, the next time you forget your wallet at home, don't panic as long as you can access your Bitcoin wallet
Along with traditional payment, the restaurant accepts Bitcoins as well.Unocoin, an online cryptocurrency exchange, allows users to buy gift
vouchers, ranging from Rs
100 to Rs 5,000, from a list of 90 brands that include companies operating in the fields of travel, restaurants, lifestyle, clothing,
accessories, hotels etc.HighKart, the online e-commerce store, also accepts Bitcoin payments from customers
Products available on its website include mobile phones, cameras, clothes, electronics and computers.The Rug Republic, the Delhi-based decor
brand accepts payment in Bitcoin and 20 other top crypto coins as payment
As of now the brand is using WazirX and Binance to facilitate transactions but says it may develop an in-house payment system soon.Apart
from them, there are hundreds of outlets and brands internationally that have begun accepting payments in cryptocurrency, including the
popular American NBA team Dallas Mavericks that accept the Dogecoin for tickets and merchandise.Many people also made donations in
cryptocurrency to help countries fight the COVID-19 pandemic and arrange the resources required
For example, Ethereum co-founder Vitalik Buterin donated Dogecoins worth $1 billion (roughly Rs 7000 crore) and former Australian cricketer
Bret Lee gave one Bitcoin (roughly Rs 45 lakh) to India to help it fight the second wave.
