Indian companies started accepting payments in cryptocurrency.

cryptocurrency, bitcoin, finance-3435863.jpg

In a significant shift, businesses in India have embraced the acceptance of cryptocurrency as a payment method. This progressive move highlights the country’s evolving stance on digital currencies, signaling a growing recognition of their potential and a willingness to integrate them into everyday commercial transactions, shaping the future of finance in India.

1. The Rug Republic

Delhi-based decor brand, The Rug Republic, has strategically embraced the rising popularity of cryptocurrencies by accepting payments in the top 20 cryptocurrencies based on market capitalization. Initially partnering with platforms like WazirX and Binance, the company ensures seamless and secure transactions.

Moreover, The Rug Republic plans to develop its own in-house payment system, enabling direct processing of cryptocurrency transactions. This move aims to enhance the payment ecosystem, providing customers with a more user-friendly and efficient experience, while reducing reliance on third-party platforms. By embracing cryptocurrencies and developing an internal system, The Rug Republic demonstrates its commitment to innovation and customer satisfaction.

2. HighKart

HighKart, an e-commerce platform established by an entrepreneur from Delhi in 2013, holds the distinction of being among the early adopters in India to embrace Bitcoin as a payment method. The online store specializes in offering a wide range of products, including mobile devices, cameras, clothing, electronics, and computers.

3. Purse

Purse is an online store that specializes in selling electronic devices. One of its standout features is the ability to make purchases directly using cryptocurrencies, without the need to convert them into traditional fiat currencies. This convenient option allows customers to use their virtual coins to buy products on the platform. Moreover, Purse offers the option to convert bitcoins into gift cards, which can be used to make purchases on Amazon. This provides an additional way for cryptocurrency users to utilize their funds while shopping for goods.

4. Sapna

Sapna offers a diverse range of merchandise, encompassing various categories such as books and healthcare products. The convenience of purchasing these items from Sapna is extended to customers across all regions of India, facilitated by the utilization of Bitcoins as a payment method. Notably, when a user opts for the payment to be made through crypto tokens, the transaction is swiftly processed within a span of 30 seconds, leveraging the capabilities of the Unocoin cryptocurrency exchange.