Have you ever thought about ordering a pizza and paying with bitcoin? Indian cryptocurrency exchange Unocoin has now revealed that its users can use bitcoin to buy gift vouchers, adding that a registered Unocoin user can use bitcoin to trade between Rs 100 and Rs 5,000 from at least 90 different brands. One can buy vouchers easily.
The company further clarified that this offer can be availed by bitcoin holders who have done their Know Your Customer (KYC) verification. The cryptocurrency can also be used to receive vouchers for brands ranging from travel, restaurants, lifestyle to clothing, accessories, hotels and more.
The offer includes brands like Domino’s Pizza, Himalaya, Baskin-Robbins, Prestige, Cafe Coffee Day.
Co-founder and CEO Satwik Viswanath said in a statement that cryptocurrencies like bitcoin have gained immense acceptance among the masses and are being traded as barter assets by millions of users worldwide. Through this new initiative, Unocoin aims to educate the Indian customer base about the various uses of cryptocurrencies.
He further added that there are a lot of physical stores and e-commerce platforms in western countries like the United States that accept bitcoin as a form of payment. However, this is not acceptable in India and the proposal will help people understand how to spend bitcoins in the country.
In terms of the offer details, those who are interested to avail the offer need to go to the ‘BTC’ page after logging into the Unocoin account and click on ‘Shop’. Users of the mobile app will see the ‘More’ section on the dashboard and after selecting a voucher valued in INR, its bitcoin-equivalent price will be visible and the user can proceed to pay and avail the voucher code.
On August 8, the price of bitcoin was Rs 32,96,942.
Bengaluru-based Unocoin 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 over the past eight years.
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