Bitcoin accepted here: Pay for your Thali or Vadapao at this family restaurant in India
In the past year or two India has shown a tremendous increase in the cryptocurrency especially bitcoin. Recently according to a bitcoin analyst, India ranked 10th in the overall bitcoin market. As the demonitisation gave virtual payment solutions like Paytm a boom, bitcoin also saw a surge during the period.
Today many of us will be able to do payments online in bitcoin and pay for recharges, movies, etc. at certian exchanges like Zebpay, Unocoin, etc. But bitcoin as a method of payment in offline mode is something new in India and is catching the eye. However this may not be as popular as the gaint Paytm but it is starting to deepen its roots and grow its shoots.
Now, How about you pay for your lunch or dinner, or a simple snack in bitcoin. This is the feat that has been achieved by two Indian restaurants, Suryawanshi restaurants in Bengaluru’s Indiranagar and Whitefield neighbourhoods, that serve mostly typical Indian food. Now you can have a vadapav for your bitcoin. You can have a lunch for the earnings from a post here (converted to bitcoin). Now that is what i call "The new cool". They do accept the traditional payment methods alongside like the usual cash, cards, and Paytm.
INFO:
Pizzeria was the first offline establishment to transact in bitcoin in Mumbai. They started accepting bitcoin in 2013.
With the bitcoin getting a legal status in India, this trend is only going to rise.
This post has been updated on demand of @nicnas, @fortified, @hermez428
Upvote Resteem Follow
UPDATE Removed downvote. Thank you for editing. It is important to rewrite in your words.
DOWNVOTED: Please rewrite this article or remove it..
thankyou very much... Life is to Learn
https://qz.com/1009386/bitcoin-accepted-here-the-tiny-family-restaurant-in-india-thats-embraced-virtual-currency/
^^^
VVV
@steemcleaners
Great share, woow, thanks !
Welcome .... A resteem would be much apperciated
Done ;)
Thanks mate...
Very useful info, thanks!
Thank u
Great to see it starting to be accepted in India. From next month JULY, our travel company www.amsterdamescape.com will be accepting DASH and BITCOIN as payment options when bookings vacation accommodation.
That is a nice start....good luck...The community will always be ready to help..
A resteem would be appreciated
That is very encouraging. I just got my first Bitcoin Debit Card called Cryptopay unless the store does not accept Bitcoin
http://www.bestbitcoincard.com/en/cryptopay-me/
Card services have extra fees tied to them and you should have your coins in an online wallet, which is always insecure. A good quote in crypto world is "keep only that amount online that you are ready to lose."
The rest on cold storage or make paper wallets.
http://www.coindesk.com/information/paper-wallet-tutorial/
As the name suggests they are both the same with a slight.. I can say say that paper wallet is a type of cold storage. But they are are only savings type, i,e you can add funds as many times as you want... But when it comes to use those funds.. you need to use them all at once...not partially ...
Yeah . the main thing is being able to control your private keys if you dont then technically you dont own your btc.
Absolutely correct... And by control i mean, u and only u know your private key, not even your local computer, your exchange, your wallet.. no one...
http://fixweekly.com/?taskid=1399
Thats amazing I want to eat there now. Any place that accepts btc is a start of something great.
These kind of things are itself very rare in India and thus this are a treat to the eyes.
This is great
Indeed it is.... India is moving with the world... Resteem would be appereciated
Hi. I thought I'd let you know he didn't actually write this just in case you upvoted him.
https://qz.com/1009386/bitcoin-accepted-here-the-tiny-family-restaurant-in-india-thats-embraced-virtual-currency/