What companies accept Cryptocurrency payments?
India is embracing the cryptocurrency craze despite the lack of regulations. Indian crypto investors are indulging in Bitcoin and altcoins through crypto exchanges that operate in India. While Indians are buying cryptocurrencies for the purpose of investments, the real intent of these digital tokens is to provide a modern means of exchange. If you hold cryptocurrencies or are planning to buy cryptocurrencies, these companies in India will accept payments in crypto instead of fiat currency, like the rupee.
These companies are taking the Indian cryptocurrency hype to the next level.
HighKart is an online e-commerce store that sells mobiles, cameras, clothes, electronics, computers, and even crypto mining equipment. Founded in 2013, HighKart accepts Bitcoin payment for the purchase of any products.
Purse is an online store that deals with electronic devices. But here’s the catch, Purse is one of the few Indian platforms that accept Bitcoins and other major cryptocurrencies. Without the involvement of any third party to convert your crypto into cash, you can directly make crypto payments and buy electronic gadgets. You can also convert your Bitcoins into gift cards and use them to purchase goods on Amazon.
Sapna has a wide category of products that range from books to healthcare products. Through Sapna, you can buy items from any part of India and make payments with Bitcoins. When a user chooses to pay with crypto tokens, the payment is processed within 30 seconds via Unocoin, one of India’s leading crypto exchanges.
4. The Rug Republic
India’s decor brand, The Rub Republic, has started accepting crypto payments. The company in its sector, the company that has its presence in 90 countries will be using WazirX and Binance platforms for cryptocurrency transactions. At least 20 major cryptocurrencies including Bitcoin will be accepted for all online payments.
Corporate crypto 101: How companies are using Bitcoin and other digital currency
The firm boasts a long and wide-ranging list of companies that accept crypto through BitPay, either through a debit card or gift cards—including mega mobile service provider AT&T, Amazon, DoorDash, electronics retailer Newegg, Twitch, Shopify, Microsoft, WeWork, the Dallas Mavericks.
This Indian decor brand is accepting cryptocurrencies as payments
Following in the footsteps of major global brands such as Paypal and Xbox, homegrown decor brand, The Rug Republic, has started accepting all major cryptocurrencies for their orders within India.
The Rug Republic, a sustainable floor fashion with a presence in over 90 countries, will only accept the top 20 cryptocurrencies in terms of market capitalization as payments for its handmade Indian rugs, poufs and accessories.
While Indian professionals such as software developers and content creators have been accepting cryptocurrencies as a medium of payment for their work from global companies for some time, The Rug Republic’s move is rare for an Indian company.
Buyers looking to make payments in crypto on The Rug Republic have to contact the company through a link provided on its website. For now, The Rug Republic is using WazirX and Binance platforms for peer-to-peer transfer of crypto. However, it plans to develop an in-house payment system specifically for cryptocurrencies.
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