Unocoin is India’s oldest cryptocurrency trading site. Customers can now use bitcoin to purchase Domino’s Pizza, Baskin Robin ice cream, Cafe Coffee Day coffee, and also other utilities from over 90 different companies.
According to the Bengaluru-based startup, a registered Unocoin user can use bitcoin for as little as INR 100 or as much as INR 5,000 to obtain coupons from these brands.
Bitcoin is acknowledged and traded as a barter asset by millions of users worldwide. In a statement, we hope to educate the Indian audience about the cryptocurrency’s multifaceted applications through this campaign, said Sathvik Vishwanath, Co-Founder & CEO Unocoin. While tens of thousands of physical stores and e-commerce platforms accept bitcoin as a form of payment in nations such as the United States. Our country does not yet have such acceptance. Our product addresses the frequently asked topic of where one may spend bitcoin in India, he added.
The Trading Platform
The trading platform offers its members a diverse range of brands from various industries. Restaurants, lifestyle enterprises, apparel, hotels, and many more industries use Bitcoin as an alternative financial commodity.
The Steps to Buying Vouchers using Bitcoin
Go to the BTC website after logging into your Unocoin account.
On the page, select the ‘Shop’ option. Moreover, if you’re using the Unocoin app, the Shop button and the More section may find on the dashboard.
Also choose from over 90 brands, including Dominos, CCD, Baskin-Robbins, Himalaya, and Prestige.
After selecting the preferred brand, a dropdown menu will display multiple INR amounts for purchasing coupons.
The equivalent BTC value will display. The user will receive the voucher code after paying the payment.
These e-vouchers can also be gifted by electronically transmitting the voucher information or printing it out and handing away a copy of the voucher.
The Growing Interest in Crypto
Unocoin’s announcement comes only two days before one of the most significant boosts to India’s crypto sector. CoinDCX, a cryptocurrency exchange, announced a $90 million funding round, giving India’s first crypto unicorn a $1.1 billion valuation.
The company’s fundraising round was led by investors such as Facebook co-founder Eduardo Saverin’s B Capital, demonstrating significant venture capital interest in cryptocurrency in India.