Topic: Bitcoin in India (Read 3396 times)
Well, That would be great If amazon online shopping portal starts accepting bitcoin as a payment method. If it is possible then I think many Indian person use bitcoin and purchase many things.
Currently there is about 50000 Bitcoin users in India with about 30000 of them active.
Adoption is growing at a rapid rate.
Here is an excellent youtube video discussing the adoption of Bitcoin in India:
https://youtu.be/WBSBxkULP4Y
I dont think 30k user even affect country population digital growth rate.our country population is above 1.2 billion so no matter how much the growth rate is it will still take time more than 4-5 years in india ,so that people can understand what bitcoin is. Adoption is growing at a rapid rate.
Here is an excellent youtube video discussing the adoption of Bitcoin in India:
https://youtu.be/WBSBxkULP4Y
Bitcoin rates are very much volatile, so many merchants will hesitate to accept bitcoin as payment. But i love to see shops accepting bitcoins, this will happen only when thee government regulates bitcoin and governing bodies monitor bitcoin payments. We need some reliable payment gateways specifically for India from some reputable online gateways, Indians will not believe as easily when a new company building a bitcoin gateway. Moreover our media has projected bitcoin is medium of payment for illegal activities.
I have tried to speak with some of my friends about bitcoin their first reaction was, "what happened why are you doing illegal business". Basically this is the reaction from many people around, so first this image of bitcoin has to be changed.
Ya you are rightI have tried to speak with some of my friends about bitcoin their first reaction was, "what happened why are you doing illegal business". Basically this is the reaction from many people around, so first this image of bitcoin has to be changed.
I visited many states in india but i havent seen even a single branded shop accepting bitcoin payment.though Bangalore being tech city but i haven't seen even there any bitcoin shop.it will take some year in india to fully matched bitcoin marketing.
Bitcoin rates are very much volatile, so many merchants will hesitate to accept bitcoin as payment. But i love to see shops accepting bitcoins, this will happen only when thee government regulates bitcoin and governing bodies monitor bitcoin payments. We need some reliable payment gateways specifically for India from some reputable online gateways, Indians will not believe as easily when a new company building a bitcoin gateway. Moreover our media has projected bitcoin is medium of payment for illegal activities.
I have tried to speak with some of my friends about bitcoin their first reaction was, "what happened why are you doing illegal business". Basically this is the reaction from many people around, so first this image of bitcoin has to be changed.
I have tried to speak with some of my friends about bitcoin their first reaction was, "what happened why are you doing illegal business". Basically this is the reaction from many people around, so first this image of bitcoin has to be changed.
Currently there is about 50000 Bitcoin users in India with about 30000 of them active.
Adoption is growing at a rapid rate.
Here is an excellent youtube video discussing the adoption of Bitcoin in India:
https://youtu.be/WBSBxkULP4Y
Adoption is growing at a rapid rate.
Here is an excellent youtube video discussing the adoption of Bitcoin in India:
https://youtu.be/WBSBxkULP4Y
Any idea how much number of users would be present in India?
Who knows,but i think there are less as i generally talks to other about bitcoin but they do not know about it.but soon after they have curiosity of knowing it as it earn you profit.soon bitcoin will be popular in india
Any idea how much number of users would be present in India?
Sure it will. There is a website called HighKart which allows you to buy via bitcoin. Again, Amazon, being a top e-commercial website will soon add bitcoin as an option for payment. Bitcoin is really popular and simply needs to be acknowledged worldwide. Many Indians, being tech savvy are already aware of Bitcoin. In a period of 3-4 years, I believe Bitcoin will be officially accepted.
Are you sure that Amazon is gonna add bitcoin as a payment option soon?
They might create interchangeable service but still voucher will lead.
Sure it will. There is a website called HighKart which allows you to buy via bitcoin. Again, Amazon, being a top e-commercial website will soon add bitcoin as an option for payment. Bitcoin is really popular and simply needs to be acknowledged worldwide. Many Indians, being tech savvy are already aware of Bitcoin. In a period of 3-4 years, I believe Bitcoin will be officially accepted.
Are you sure that Amazon is gonna add bitcoin as a payment option soon?
In india, if we compare our literacy rate with our current economic rate then there is very less chance that this payment mod will be there in local store in future.but global shopping service such as amazon might take it which will benefit us also as if we are more online buyers.
India is one of the biggest democratic country in world. Also have great financial growth. And also going to global and digital. So there are more possibilities of using bitcoins in INDIA. As already Zebpay and coinsecure are used for merchant gateway to accept bitcoins locally.
I mailed them stating how a good escrow is unavailable and wanted to buy a DELL inspiron using BTC as payment. They said they are willing to accept my offer. I just need to raise few more to get one
What?
YOu really mean it ?
They will accept Bitcoin for payment ?
How ? can u show us a SS of the convo you had with them ?
http://prntscr.com/bsnjzw
Here ya go. I just used my phone call to talk to Amazon.in people and so can't show a screenshot really. Hope it helps
THat's amazing
keep us updated
I mailed them stating how a good escrow is unavailable and wanted to buy a DELL inspiron using BTC as payment. They said they are willing to accept my offer. I just need to raise few more to get one
What?
YOu really mean it ?
They will accept Bitcoin for payment ?
How ? can u show us a SS of the convo you had with them ?
http://prntscr.com/bsnjzw
Here ya go. I just used my phone call to talk to Amazon.in people and so can't show a screenshot really. Hope it helps
THat's amazing
keep us updated
I mailed them stating how a good escrow is unavailable and wanted to buy a DELL inspiron using BTC as payment. They said they are willing to accept my offer. I just need to raise few more to get one
What?
YOu really mean it ?
They will accept Bitcoin for payment ?
How ? can u show us a SS of the convo you had with them ?
http://prntscr.com/bsnjzw
Here ya go. I just used my phone call to talk to Amazon.in people and so can't show a screenshot really. Hope it helps.
P.S: Amazon were not at all angry on being asked about an unstable currency BTC but Flipkart rejected me. Amazon is really deserving to be #1. However, you need to find a good escrow or send them your BTC first to get your deal done' Sign a message to be cautious
I mailed them stating how a good escrow is unavailable and wanted to buy a DELL inspiron using BTC as payment. They said they are willing to accept my offer. I just need to raise few more to get one
What?
YOu really mean it ?
They will accept Bitcoin for payment ?
How ? can u show us a SS of the convo you had with them ?
Sure it will. There is a website called HighKart which allows you to buy via bitcoin. Again, Amazon, being a top e-commercial website will soon add bitcoin as an option for payment. Bitcoin is really popular and simply needs to be acknowledged worldwide. Many Indians, being tech savvy are already aware of Bitcoin. In a period of 3-4 years, I believe Bitcoin will be officially accepted.
Are you sure that Amazon is gonna add bitcoin as a payment option soon?I mailed them stating how a good escrow is unavailable and wanted to buy a DELL inspiron using BTC as payment. They said they are willing to accept my offer. I just need to raise few more to get one
Sure it will. There is a website called HighKart which allows you to buy via bitcoin. Again, Amazon, being a top e-commercial website will soon add bitcoin as an option for payment. Bitcoin is really popular and simply needs to be acknowledged worldwide. Many Indians, being tech savvy are already aware of Bitcoin. In a period of 3-4 years, I believe Bitcoin will be officially accepted.
Are you sure that Amazon is gonna add bitcoin as a payment option soon?I mailed them stating how a good escrow is unavailable and wanted to buy a DELL inspiron using BTC as payment. They said they are willing to accept my offer. I just need to raise few more to get one
Sure it will. There is a website called HighKart which allows you to buy via bitcoin. Again, Amazon, being a top e-commercial website will soon add bitcoin as an option for payment. Bitcoin is really popular and simply needs to be acknowledged worldwide. Many Indians, being tech savvy are already aware of Bitcoin. In a period of 3-4 years, I believe Bitcoin will be officially accepted.
Are you sure that Amazon is gonna add bitcoin as a payment option soon? Sure it will. There is a website called HighKart which allows you to buy via bitcoin. Again, Amazon, being a top e-commercial website will soon add bitcoin as an option for payment. Bitcoin is really popular and simply needs to be acknowledged worldwide. Many Indians, being tech savvy are already aware of Bitcoin. In a period of 3-4 years, I believe Bitcoin will be officially accepted.
Are you sure that Amazon is gonna add bitcoin as a payment option soon?yes,I am. I personally mailed them
Sure it will. There is a website called HighKart which allows you to buy via bitcoin. Again, Amazon, being a top e-commercial website will soon add bitcoin as an option for payment. Bitcoin is really popular and simply needs to be acknowledged worldwide. Many Indians, being tech savvy are already aware of Bitcoin. In a period of 3-4 years, I believe Bitcoin will be officially accepted.
Are you sure that Amazon is gonna add bitcoin as a payment option soon?
Sure it will. There is a website called HighKart which allows you to buy via bitcoin. Again, Amazon, being a top e-commercial website will soon add bitcoin as an option for payment. Bitcoin is really popular and simply needs to be acknowledged worldwide. Many Indians, being tech savvy are already aware of Bitcoin. In a period of 3-4 years, I believe Bitcoin will be officially accepted.
Bitcoin doesn't hav its Payment Processor. So despite its popularity I dont believe it will be accepted. However,t here is another promising coin which has already built its own Payment Processor. The name is ADZcoin. It has a huge infrastructure to back the coin, including a socila network with around 1lac members already, a Payment processor, online wallet, an browser extension, a coupon code site, an Internet Marketin Forum among others. I hav tried to explain the concept in brief at http://freedomwithmohit.com/can-you-achieve-financial-freedom-if-you-get-free-lifelong-targeted-traffic/
Will Bitcoin be ever accepted as a currency in India (I mean like in stores and all that) ?
It will take time. I think Bitcoin will have to succeed as an online currency, before stores start thinking of accepting Bitcoin.
If your question pertains to something like the image below, it will take a long time.
Regards
If it happens as per above pic anytime in future then certainly a new revolution is coming on its way 
Will Bitcoin be ever accepted as a currency in India (I mean like in stores and all that) ?
It will take time. I think Bitcoin will have to succeed as an online currency, before stores start thinking of accepting Bitcoin.
If your question pertains to something like the image below, it will take a long time.
It's possible but only if it manages to be the invisible, enabling technology rail. Too much visibility early on will be a net negative for mainstream adoption in India.
Early on ? I think a lot of people already have had an introduction to bitcoin, but unfortunately its a negative view of it eg. being used by hackers or ransonwares. It can get accepted in the stores, but I doubt it as alternate payments systems would probably appeal more to people .It's possible but only if it manages to be the invisible, enabling technology rail. Too much visibility early on will be a net negative for mainstream adoption in India.
Early on ? I think a lot of people already have had an introduction to bitcoin, but unfortunately its a negative view of it eg. being used by hackers or ransonwares. It can get accepted in the stores, but I doubt it as alternate payments systems would probably appeal more to people .
Zebpay is an online app but there is no other option except Zebpay which can help us to use bitcoins offline. Most bitcoin debit cards have too much fee and it becomes too expensive to spend bitcoins. Like steam, microsoft and other big websites having bitcoin payment options, I hope flipkart/snapdeal too start accepting bitcoins. Atleast paytm/mobikwik can have such an upload option available.
It's possible but only if it manages to be the invisible, enabling technology rail. Too much visibility early on will be a net negative for mainstream adoption in India.
Early on ? I think a lot of people already have had an introduction to bitcoin, but unfortunately its a negative view of it eg. being used by hackers or ransonwares. It can get accepted in the stores, but I doubt it as alternate payments systems would probably appeal more to people . Will Bitcoin be ever accepted as a currency in India (I mean like in stores and all that) ?
http://www.news18.com/news/tech/indians-can-soon-shop-online-using-bitcoins-1246709.html
It's possible but only if it manages to be the invisible, enabling technology rail. Too much visibility early on will be a net negative for mainstream adoption in India.
Not sure if they will. Firstly depend upon the clarity of what future holds in for crypto currency in our country. Many would be uncertain about its future due to which they would restrict themselves to the normal currency.
Cryptocurruncy has great future but it will not make fiat completely obsolete in near future.Maybe in 2-3 decades but not now
Not sure if they will. Firstly depend upon the clarity of what future holds in for crypto currency in our country. Many would be uncertain about its future due to which they would restrict themselves to the normal currency.
Will Bitcoin be ever accepted as a currency in India (I mean like in stores and all that) ?
http://www.news18.com/news/tech/indians-can-soon-shop-online-using-bitcoins-1246709.html
Will Bitcoin be ever accepted as a currency in India (I mean like in stores and all that) ?
http://www.news18.com/news/tech/indians-can-soon-shop-online-using-bitcoins-1246709.html
Will Bitcoin be ever accepted as a currency in India (I mean like in stores and all that) ?
http://www.news18.com/news/tech/indians-can-soon-shop-online-using-bitcoins-1246709.html
Will Bitcoin be ever accepted as a currency in India (I mean like in stores and all that) ?
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