Unocoin unocoin is not the first company in India that has started this work. India’s cryptocurrency exchange Zebpay also offers a similar service. Zebpay launched crypto wallet in 2015
India’s oldest crypto wallet is allowing people to buy pizza, ice cream and coffee with bitcoin. By exchanging bitcoin, you will be able to buy these things. This new service has been started by the crypto wallet Unocoin. Under this service, vouchers will have to be taken from bitcoin. With this router, you can buy the goods you need. But for this, the bitcoin holder will have to complete the verification process with Unocoin. Also Read: Know how many people in India earn Rs 100 crore annually… and how many people are poor
Unocoin company was started in the year 2013 in India which works from crypto wallet to crypto exchange. This company associated with cryptocurrency cryptocurrency announced on 6 August that it is going to provide the facility to buy bitcoins from Rs 100 to Rs 5000. This facility will be available through vouchers. Vouchers will have to be taken from the company in exchange for bitcoin and shopkeepers will have to pay on the purchase of goods from the same voucher. Also Read: EPFO: Depositing money in EPF every month can get more than Rs 1.5 crore, know how
How will the purchase
For this, you have to download the mobile app of Unocoin company. The app has a shop button where purchases can be made from Domino’s, Indian coffee chain Cafe Coffee Day, ice cream chain Baskin & Robbins. A dropdown menu has been created in this app in which vouchers of different rupees have been made. The amount of rupees to be purchased, the voucher will have to be spent. This work will be completely online. Also Read:LPG Cylinder New Connection: Give a missed call and get a new LPG connection, know what is the whole process?
According to a report by ‘Business Insider’, as soon as a voucher is given to a store or food chain company, that amount of bitcoin will be deducted from the user’s wallet. Actually, in this work, the voucher is not given to the shopkeeper, but on pressing the shop button, the voucher code is generated, which will have to be given in exchange for the purchase of the goods. Also Read: IRCTC: Indian Railways changed the schedule of more than two dozen trains, see Cancel Train List
The amount of bitcoin will be redeemed from this voucher code. This facility will not be available to everyone as only those who have completed the process of KYC verification with Unocoin will get the facility of voucher transactions.
Buy crypto vouchers
Unocoin unocoin is not the first company in India that has started this work. India’s cryptocurrency exchange Zebpay also offers a similar service. Zebpay introduced crypto wallet in 2015. Zebpay users can take vouchers with bitcoin and make purchases with it.
Zebpay has partnered with India-based e-commerce company Flirkart, on whose platform one can shop with bitcoin vouchers. Unocoin is India’s first crypto wallet which was started in 2013. This company also works as a crypto exchange.
Increasing Cryptocurrency Investment in India
In view of the growing trend of cryptocurrency cryptocurrency in India, Unocoin and Zebpay have started the service of vouchers. Similarly, coinDCX is also in discussion these days, which has announced to raise a fund of $ 90 million. With this coinDCX has become the first unicorn company worth $1.1 billion in India.
Big investors have announced to invest money in this company, including Facebook co-founder Eduardo Saverin’s company B Capital. These companies are seeing a good future of cryptocurrency in India, after which they have decided to increase investment. A report by chainalysis shows that cryptocurrency investment in India has increased six-fold from April 2020 to May 2021 to reach $6.6 billion from $923 million.
