Unocoin Says Verified Customers Can Now Purchase Reward Vouchers With Bitcoins

Cryptocurrency alternate Unocoin is now providing its customers an possibility to purchase reward vouchers from a minimum of 90 totally different manufacturers utilizing Bitcoin. A registered Unocoin consumer can use Bitcoin — ranging from Rs. 100 to Rs. 5,000 — to purchase the vouchers, the corporate introduced on Friday. It additional added that solely KYC-verified prospects with Bitcoin of their wallets are eligible for the reward vouchers. Unocoin stated that their customers can avail reward vouchers from an array of manufacturers throughout sectors reminiscent of journey, eating places, life-style, clothes, equipment, lodges, and extra utilizing Bitcoin as a substitute money commodity. 

Unocoin CEO and Co-Founder Sathvik Vishwanath stated in an announcement that Bitcoin is being accepted and traded as a barter asset by tens of millions of customers internationally and thru this initiative, the corporate additionally needs to teach Indian subscribers in regards to the multi-dimensional use of the cryptocurrency. “Whereas there are tens of 1000’s of bodily shops and e-commerce portals accepting Bitcoin as a mode of cost in international locations just like the US, our nation would not have such acceptability but. Our providing solutions the favored query of the place somebody can spend bitcoin in India,” he added.

To avail the vouchers, Unocoin says eligible customers might want to log in to their accounts and head over to the BTC web page and click on on the Store button. In the event you’re utilizing the app, the choice ought to be seen on the dashboard within the Extra part. Unocoin says this part would present over 90 manufacturers — together with the likes of Domino’s Pizza, Café Espresso Day, Baskin-Robbins, Himalaya, Status, and extra — from which customers can choose a voucher of their selection. On the app, the vouchers’ values might be proven in INR denominations and upon choosing a desired voucher, its corresponding Bitcoin value will seem. Customers pays the quantity to obtain the voucher code. As of August 7 (12:50pm IST), Bitcoin value in India stood at Rs. 31.88 lakhs.

The Bengaluru-based startup Unocoin was based in 2013 as India’s first entrant into the cryptocurrency business. As per a press launch from the corporate, It operates the nation’s largest Bitcoin buying and selling platform.