Spending Bitcoin in India
For most Indians new to the concept of Bitcoin and cryptocurrencies, the idea of making a transaction in real life using Bitcoin seems vaguely illicit. It certainly doesn’t seem like the kind of thing you’d do on a Saturday afternoon, for instance, after devouring a Maharashtrian thali or snacking on a vada pav.
And yet, at the Suryawanshi restaurants in Bengaluru’s Indiranagar and Whitefield neighbourhoods, that’s exactly what you can do, because owner Kailash Suryawanshi accepts bitcoin as a mode of payment, alongside the usual cash, cards, and Paytm.
Also Read: Companies accepting Bitcoins
Suryawanshi, originally from the town of Kolhapur in Maharashtra, moved to the southern city way back in 2004 and worked in the used cars business. Nearly a decade later, after noticing the glaring lack of quality Maharashtrian food available, he launched his first eponymous restaurant in Whitefield, and followed that up with another in Indiranagar in 2015, gradually making a name for himself by serving authentic Kolhapuri thalis, loaded with seafood and meats.
While the two outlets may not be the first offline establishments to transact in Bitcoin in India (that honour reportedly belongs to a pizzeria in Mumbai, owned by a Bitcoin enthusiast, which began accepting the cryptocurrency in 2013), they are certainly a rare breed.
Though you can buy books or even movie tickets online using local bitcoin exchange apps, such as Zebpay, Coinsecure, and Unocoin, the digital currency remains largely unknown outside of a small, tech-savvy community in the country, and that applies to India’s Silicon Valley, too.
In the month of March, Unocooin made a big announcement og collaborating with BookMyShow.com Now watch movies by paying in Bitcoins. (read full article)
Unocin also collaborated with PayU Money to accept payments for purchasing Bitcoins.
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Different ways of spending Bitcoins