Bitcoin Forum

there are hardly any merchants that accept bitcoin in India. The only true initiative I have seen is by ZebPay to really expand the ecosystem. They have been sincerely trying to get merchants aboard.

the only other business seems to be bitcoin exchanges which was absolutely necessary. Now that people have a way to acquire bitcoins, what next?

I really don't see the future or a plan of Bitcoin in India. I wonder what people are using Bitcoin for? as an investment?

Since i do not own any Credit or Debit cards i use Bitcoins to buy stuff online. With the help of Zebpay i am able to buy stuff from places where they don't accept Bitcoins directly yet i.e flipkart, jabong etc.

Yes thats true that there's hardly any Indian merchant that accept Bitcoin but the question is why do you want to use bitcoin when you can pay with fiat? I use bitcoin to pay online merchants based outside India because i dont have credit card and dont want to use PayPal.But for the merchants based in India,there are many payment options available like net banking,debit card etc and for buying physical goods,almost all reputed sellers/merchants/ecommerce sites accept cash in delivery as well.Now why would a common man still want to use bitcoin for payment is beyond my comprehension

Until Bitcoin Technology is not accepted by India, their wont be any Merchant that will use Bitcoin as payment option, Where their is Legal and Accepted by Government their you can see the progress of Bitcoin and you can see lot of Merchant are using Bitcoin as payment option. In India Bitcoin is used as investment for long term, In future if Bitcoin get recognized that time you can see the value of your bitcoin growing vast. But still you can use Bitcoin online for your mobile recharge , online shopping and you can sell the bitcoin and convert it in your fiat currency.

In most of the country still people use uᴉoɔʇᴉq as investment. But many new business are start accepting bitcoin payments. Soon you will find more merchants to spend uᴉoɔʇᴉq.

which online merchants do you use to purchase?

But the price of the zebpay is too high , it is much better that we can convert the bitcoin to fiat currency and then do the normal purchasing that will be more profitable. Apart from that for Indian Bitcoin is right now only for Investment is good as the fiat currency conversion is good. This can also be as a part time side income which anyone can generate it.

I think many indians like me see bitcoin as a long term investment.We believe in holding bitcoin and expect Bitcoin price to go as high as 10,000$ in future as some predicts.Many others may use it for online transactions or short term trading

 ??? Zebpay gives you discount if you buy vouchers from them.

Yes you must download Zebpay app a see for yourself

From what I have observed, majority of indian Zebpay users are using satoshis to recharge their talktime and buying vouchers from online shopping sites like flipkart. Very few people are actually using bitcoins as investment so that they can be cashed in the future. Since this is new concept here, people are still keeping a watch on the bitcoin market. 

Normally Zebpay offers best rate on selling coins. Effectvely when you purchase voucher or airtime, you are selling coins at sell rate. On top of it, we offer great discounts ( Amazon 5%, Flipkart 4%,  Pizzahut 8%, Dominos 7%, CCD 6%, Bookmyshow 5% ). So all in all its always going to be a good deal for you if you want to shop with those merchants :)

Regards
Mahin
Zebpay

Hi newtocryptocurrency, i wonder why did u start with crypto currency when there are hardly any uses in India right now ?

The answer to this is what you are looking for. People will eventually start knowing the pros and cons and weigh them against fiat, and if they find it better they will implement it.

Even if right now companies are not accepting bitcoins they will eventually once their is clarity from RBI.

we need to have patience. And people who are already into bitcoins should take the initiative rather than waiting for something to happen.

i think more than 60% indian use bitcoin for long term investment. and bitcoin is not in too demand to require merchant service for bitcoin in india.yes but in future there will lot of merchant which accept bitcoin.
and accepting bitcoin will be normal things for all online shopping sites like flipkart,snapdeal...etc

Bitcoin mostly is used for trading and investing purpose. Its also used for purchasing and recharging stuff.

New comers want to feel what is it all about that making so much buzz in world. So just for the experience purpose as well considering a future buy the bitcoin and keep it.

Since there are not many merchants that accept Bitcoin,most of us have to first convert our coins to Fiat when we want to use bitcoin.I can say that in 90% of bitcoin is used for trading purpose because of it's ever changing price

I see BTC as a real currency, a real real real BTC currency.
I use it to do what I do with INR, internationally, decentralized without any crackdown from the government.
It gives me the freedom, the real freedom and allows me to f*** KYC...

You can buy food and pizza,pay rent,school and utility bills with INR and the list is very long.Can you do the same with bitcoin in India?

No,he can't because bitcoin didn't get too much fame to use instated of fiat currency.specially in india. there are few services like zebpay which can give you recharge,vouchers in limited stocks,hope shopping in future.

Potentially can if there are services enough...

Overstock accepts Bitcoin, we can also buy stuff from Overstock with bitcoin and get it shipped to house.
No middlemen like Zebpay allowed...

Zebpay is not middleman.They offer vouchers for many online shopping sites including flipkart and Amazon.You have to apply these vouchers at the time of shopping at these sites.So its between you and online shopping site.Its not like you order an item at Zebpay and Zebpay in turn buy it for you