Bitcoin Takes A Giant Leap In India

Guest Author | March 26, 2015 | 4:26 pm

Bitcoin Takes A Giant Leap In India

Guest Author | March 26, 2015 | 4:26 pm

Digital currency Bitcoin just took a giant leap in India. Very soon, you can buy yourself a home, book tickets of various events such as the Indian Premier League (IPL) matches, and pay restaurants in Bitcoins after having a nice meal.

India’s first Bitcoin app, Zebpay is working out details with a property developer in Ahmedabad to use Bitcoin for selling residential flats, in addition to doing a pilot project in Mumbai for paying restaurant bills.

Zebpay’s co-founder Saurabh Agarwal says that, “We want to make transacting in Bitcoin as simple as Whatsapping. We will soon be able to buy IPL tickets using Bitcoin, we have sold Flipkart and Amazon vouchers among others. We have started a pilot with a restaurant chain in Mumbai who want to trade in Bitcoins and we have signed a MoU with an Ahmedabad-based developer who wants to trade flat in lieu of Bitcoins.

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Zebpay recently hosted a Bitcoin conference, Future of Money in Ahmedabad which was attended by over 400 Bitcoin enthusiasts including industry leaders, B-school students, YPOs, Federation of Indian Chambers of Commerce and Industry (FICCI), and the media.

Zebpay has been making aggressive strides in the Bitcoin industry. Recently, the world’s simplest Bitcoin wallet app announced exclusive offers for Indian customers: Amazon India vouchers at 10% discount and Flipkart vouchers at 10% but, only on transacting with Bitcoins. Wait, it gets bigger! Tickets of renowned Bollwood actor Farhan Akhtar’s first live performance in Gujarat were available at an unfathomable 90% discount if bought via Bitcoins.

Initially launched as an Indian Bitcoin exchange, Zebpay is now leading the formation of Bitcoin India Alliance, the digital currency association aimed at creating awareness about the cryptocurrency and boosting its adoption. The BIA has already garnered strong support from the Bitcoin industry, including Bangalore-based Bitcoin exchange Unocoin, India’s leading law firm Nishith Desai Associates, Blockstreet, Coinstreet, and Searchcoin.

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