Bitcoin Forum

India being granted a 30% discount on oil if pays through Bitcoin .

That's a cool idea to increase publicity about Bitcoin and gain interest . In this way, Bitcoin can gain more attraction of people and people will subsequently invest more to this market.

 This will really disrupt the economy of countries involve and the demand for the currency of that country selling the oil will drop so is its value of course. That can't be good for the economy of the country. I understand this could be a private deal but which is your source? It would be good to at least provide a link where you got the information.

That is a great news to all bitcoin holders that internstional markets are accepting payments and even giving away discounts to customer making some transactions to this markets using the bitcoin cryptocurrency, it will add the stableness of bitcoin and gain more trust from people internationally.

I would love to have some more news on it. Generally, discounts comes with lots of questions. So, it’s better to clear all the doubts which may occur in users mind. If its legit, I think it’s a tinny good move in favor of BTC uses in India.

You are talking about the deal Venezuela is offering to India, but the deal is for Venezuelan Crude Oil If Paid For In Petro, not in Bitcoin.
This is not confirmed yet.

Site purse.io helps to buy goods on Amazon, acting as an intermediary. Let's say you want to buy a phone or another thing for crypto currency. You go to the specified site and leave the corresponding application. Another person who needs bitcoins, agrees to buy goods for regular currency, having received in exchange your virtual coins. As a result, you receive the goods, the store - real money, and the third person - several units of Bitcoin. Exchange is beneficial to all parties due to a smaller commission than on traditional exchanges. In addition, similar services can be negotiated with direct sellers about more favorable terms and discounts.

Why are you passing misinformation, the discount given to those people buying oil from Venezuela using their Petrol coin. It is not Bitcoin and this discount is not from India it is from Venezuela. If I am wrong please post your own source of information for confirmation, because of this is true by now Bitcoin price would be over $100k, because 30% discount on oil is a very great deal

Do you have the official source for this news? Oil prices are international and I don't think anyone would give up 30% in the price, just to receive payment via Bitcoin. But of course, I could be wrong. This is why I ask to have the source, a link to an article, anything that can back up what you are sharing here.

Most likely the author really means Maduro's statement.
https://news.bitcoin.com/venezuela-certifies-cryptocurrency-exchanges/
India confirmed receipt of the offer from Maduro. At the same time, the CEO of the crypto exchange Coinsecure told about the signing of the agreement in Delhi. This is a mutually beneficial deal. Listing ElPetro on the Indian Exchange is barter for a 30% discount on the purchase of crude oil.

I think it is a great news. India granted 30%discount on oil if they pays though bitcoin.It still has some area to improvement.

Do you have the link on the source of this news or it is your own mention? What do you mean India? Goverment of India or Indian company? Please specify information and we will have more info for discussion.

The more good news for Bitcoin, is it time to buy Bitcoin?
Because it seems bitcoin prices are stable at current prices.

wow, it is a great news and good idea for the international market. all people that using.bitcoin has aan discount. it doesn't matter how much the discount is. but the point is, the bitcoin has an advantage again in the investor or users of bitcoin. and I think if the other people heard about it I am sure that there are many people who come again in this industry

Thanks your info! I thinks! Discount may be not need about 30%! Only need bring more feature for service!