Buy Popular Vouchers using Bitcoin in India
We use fiat to buy goods and services in our day-to-day life. We certainly have many use cases of our money and its one of the things that play an important role in our life. Money is not the only priority in life but its something that we all need and our life survival is dependent on this. I use the money to buy things and also to invest in my future. The same I am doing with crypto in terms of investment but buying with crypto is not that much easy since merchants dont accept it and I never got the opportunity to buy anything using crypto.
Today while reading crypto news and updated I stopped by one of the articles shared by unocoin exchnage and they have provided an option to buy vouchers from more than 90 brands using cryptocurrency. Nowadays vouchers are very common and they eliminate the need of carrying money or using digital money since we can pay through vouchers at the store and its quite convenient as well. This is a new that I found interesting and did read in detail to know more about it.
Unocoin, an Indian crypto asset, and blockchain company has given its users the opportunity to use bitcoin to gift vouchers from 90 different brands, such as Domino's Pizza, Café Coffee Day, Baskin-Robbins, Himalaya, Prestige, and more, according to the business publication Mint. The particular offer will be valid for KYC-verified customers with Bitcoin in their wallets. According to the company, the KYC-verified users can avail of gift vouchers from different brands ranging sectors including travel, restaurants, lifestyle, clothing, accessories, hotels, and more.
So now in India also we have the options to use crypto for buying goods and services and this is great news for the Indian crypto community. Until now cryptocurrencies are one of the segments where people can invest money and earn returns which are much better than other instruments but there has always been a case that we can't use it in our daily life however nowadays we can use crypto in our day to day life and this can lead for more people to bring in here.
I used to think that when it will b possible to use crypto for buying things as I have seen many people sharing their experiences here that they used cryptos to buy this and that. Obviously this way I can't pay directly to the store but still, we can use crypto to buy vouchers and then make the payment at the store throuhg the vouchers. There will also be a case where many people will not prefer to spend their crypto holdings on vouchers but not everyone can have the same thought and there are people who must be looking forward to having such options where they can spend their crypto.
I don't have an account on unocoin so now I need to create an account and get the KYC done first so that I can get this option and if I decide to use crypto then also I can do it with ease.
Thank you so much
Stay Safe
Greetings @reeta0119, interesting article that you share, the acceptance of cryptocurrencies in the world is growing, major global brands already accept them as forms of payment, even give away vouchers to purchase products, this is a big step for the blockchain world and for all of us who are part of it, as well as a breakthrough for India in terms of acceptance of the currency, thanks for sharing this information of great interest.
hello @reeta0119,
in Venezuela it is already possible to buy houses using BTC, this is a real wonder because the local market is accepting coins as a form of payment, also in Venezuela you can buy fast food using usdt, I think the future of coins is quite bright especially in countries where their currency is devaluating rapidly, is where markets have to accept coins to avoid devaluation, also, entrepreneurs use coins as a tool to have more sales worldwide.
This is sending the signals across, this is just the tip of the ice berg as more things shall got accomplished by cryptoccurrency. I am really happy seeing how your country has improved with cryptocurrency over time. With cryptocurrency we can now carry out buying and selling activities, this is really amazing I must admit. Expect more from cryptocurrency in your country dear friend.
Such innovative programs are very nice and I expect that more companies and exchanges from forward and launch such products that can give variety of options to their users to hold crypt of and they get option to use it for various goods and services.
I have never used the exchange you talked about in this post but looks like now is the time for me to have an account with them to experience these new services where I'll be able to use my Crypto for buying variety of vouchers from 90 plus brands and I expect that my experience will be amazing with this new thing. Nice post
Greetings @ reeta0119. This is certainly good news, at least for me, that in India can already do this type of commercial transaction is a big step, this will serve to other countries to implement these mechanisms or some others with cryptocurrencies, are important steps to cryptocurrencies cover other types of economic and financial spaces.
Thank you very much for sharing your publication.
Crypto currency acceptance is moving at a fast speed especially in India I wish it can move like that in Nigeria. They should try and train specialist that can catch crypto Freud because with this buying voucher with Bitcoin the crime rate in crypto will increase, people will start hacking people's wallet anyhow.
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Very nice to see such improvement i'm sure with time we will experience more marchant services who will be accepting crypto virtually for all goods and services payment. thanks for sharing.
India is going crypto crazy lately and that has made me believe in crypto the more.