Bitcoin Forum

Hi,

   This is a new service we are starting for bitcoin users in India.  Please visit INRBTC (https://inrbtc.com)
You can purchase from the following online marketplaces in India.

Amazon India
Flipkart.com
Jabong.com
Yebhi.com
SnapDeal.com

This is a new service and would appreciate if you can provide your valuable feedback also.
If you feel that you have received good service, kindly provide the feedback at the bitcoin forums.



Regards,
INRBTC Team

Has anyone tried this!? Does it work!?

Check the whois info of inrbtc.com and you will know if you should try this!

whois it is
you right with this

other wise very much desired service. all the best!!

Thanks to this forum, we have completed our first bitcoin sell order. 

we have requested the seller to post a review on this forum.

For those of you who are curious, our bitcoin address is 1FV5RNcfMa2SDs9uv9Bx7sK44cW15gGGF6.
You can check our first transaction details here.

To build our reputation, we plan to keep the same address until the transactions cross 50 bitcoins.


Thanks again,
INRBTC

Can you also introduce yourself to us.

Am sure that everyone would like to know where their BTC is going.

I am in the financial field by career. I was introduced to Bitcoins a little late. More than the current price of bitcoin which is ephemeral, I am happy that such a currency has been invented to circumvent the shenanigans being employed by the Central Bankers of the world. Being a person with interest in macro economics, nothing is more frustrating than listening to idiotic savants such as Paul Krugman extolling Keynesian economics to support relentless printing of currency.  Now we have a bigger fools from Japan who want to outdo themselves.

Comparatively our Indian Central Bank is much saner and in my opinion deserves a lot of kudos for their steadfast decision to stick with basic principles.  

Not only do I want to participate in bitcoin economy but I want bitcoin to be used as a currency like we use Indian rupees today. Hence, the reason that I have put an option for bitcoin users to directly purchase items rather than exchange them to some other currency  at INRBTC (https://inrbtc.com)

Even today, including most of the people in this forum, myself included... we look at Bitcoin as an investment and we compare USDINR rates and MtGox rates to value bitcoin.  What we are missing is using bitcoin as a medium of currency...Instead of valuing bitcoin as Rs 6700 , we should value goods in bitcoins
e.g nokia smartphone can be bought in 2 bitcoins,
      one simple meal at a roadside dhaba costs 0.5 bitcoin

Hopefully we will reach there sometime in the future, maybe sooner than later...INRBTC (https://inrbtc.com) may not be answer but a small step towards that direction.

Till then,
INRBTC Admin

0.5 BTC for a regualr meal..Pretty expensive road side dhabas you got there..  ;D
Humor aside.. this is a great service.. a link between bitcoin and actual good in India.. a very promising field in the near future..
Best of luck you guys..
 

+1

Current bitcoin price is 120$ (6781) on your site it's (7414 Rupees)131.335.

for purchase you are giving 6354 INR For 1 BTC
high fees.,atleast for me.

Yes indeed.. you guys need to lower the margin here because the cost of stuff we are buying via you will increase and hence the trade wont be profitable.. consider lowering your profit rates for some time and then once you gain momentum maybe increasing it (A bit of course)

Yep and OP can use discount codes too (jabong/yebhi/snapdeal) to get some more profit.

Ps: People will still prefer Gift voucher (Which you are not giving) instead of giving their Full details to you.

Gift Voucher is a nice idea. Given some time we can try to implement this idea. As of now, the downside which I can think of is

a) Gift voucher's come in standard sizes
b) More often than not, the item you plan to purchase is either more or less than the voucher amount.
c) Converting a gift voucher to cash is not possible, whereas an item once purchased can be returned back with refunds.

Based on the comments, the following has been done at https://inrbtc.com

a) A better bitcoin price is given when purchasing items when compared to selling for cash. This is for encouraging Bitcoin Use
b) Margins have been decreased both on buy and sell prices.

c) For a repeat customer who will purchase from the same online merchant, any discount applicable will be completed shared to the customer.
This will most probably be implemented by sending bitcoins to the customer.

As this is just the beginning, our request is that any initial teething problems we might face during execution be seen with a lenient eye.

That's great, One tip, add a affiliate system it will help you to grow your customer base.
and you can use voucher option as an "extra" it will also help to gain more money.

For ex: If someone wants to buy a 3700 or 4100 rupee thing and he don't want to give his address etc, He will probably buy a 5k worth gc.

You may want to consider purchasing Insurance guarantee from John K. Which is, pay him some BTC and declare the amount publicly. This will be the amount which will be distributed among open disputes in the event of a scam.

This will immediately get the complete trust of the community as some form of security is guaranteed in the event that you choke on a carrot and die.

Love the affiliate idea!  Would be very interested in promoting on indiabitcoin.com (http://indiabitcoin.com).

This is really very needed service and kudos to team to start one !!!

Wish you very best of luck and hoping to see more people spend bitcoin rather than just buying and selling :)

Cheers

Would be cool if you added pics and links to some of the snazzy items on the sites that you offer your service.

We need more enhancement in term of Bitcoin. +1 for your team that you guys are on the way.
People should go for buying products/needs with bitcoins rather then just buying BTC @ lower price then selling @ bit high price !

+1 once again !


Anyway, INDIA is growing in mean of bitcoin. That is all great !

Thank you all for your feedback. We will implement most of the feedback phasewise.

I would like to share the wonderful news of first item purchased at http://www.flipkart.com/panasonic-kx-tg3611sxm-cordless-landline-phone/p/itmdka8fyey4vjnr (http://inrbtc.com[/url using bitcoins within 3 days of posting about our service on this forum.

The Item was purchased from Flipkart.com.

The Item purchased was Panasconic Cordless Phone [url=http://www.flipkart.com/panasonic-kx-tg3611sxm-cordless-landline-phone/p/itmdka8fyey4vjnr)

A total of 0.295 Bitcoins was used to purchase the above mentioned item.

The transactions can be seen at https://blockchain.info/address/1FV5RNcfMa2SDs9uv9Bx7sK44cW15gGGF6

Thank you all,
INRBTC Admin

I searched for "Bitcoin" on Flipkart, it directed me to " Bitching And Balling
English Digital Download in MP3 Downloads"

Then it means that we have a very good opportunity to write a book on bitcoins and sell it on Flipkart.  ;D

If flipkart was willing to accept bitcoins, then we would not have a reason to start our service at INRBTC (https://inrbtc.com)

Hopefully, like wordpress and reddit ..flipkart will also add an extra payment option :: accepting bitcoins.

Till then, we will be in business  ;)

Regards,
INRBTC Admin

The rate at which Bitcoin is falling since yesterday, it will be other way round. A decent roadside dhaba and an extremely cheap nokia smartphone  :D

This in my opinion is just consolidation.. i think once we touch 70ish whales are gonna jump back in to buy back what all they have dumped plus a wee bit extra.. this is going to be very exciting week for everyone with bitcoins :D

Think we are past 70's. 88 seems to be the new peg.

Moved recommendation post to https://bitcointalk.org/index.php?topic=231585.0

We  are glad to announce that we are now able to deposit to any bank in India which supports NEFT Transactions.

From a limited 3 Banks previously, now we are able to support 89 Banks.


If you have any suggestions as how we can improve our website or services, Please let us know.

We will try to incorporate the same.

Regards,
INRBTC Team

Awesone stuff mate!

Great news.. keep it up.

Cheers

Accusation threads moved to https://bitcointalk.org/index.php?topic=241807.0

please consider to start using escrow. if it happens I can guaranty you will get minimum 200000 INR per month business from me.

that is excellent idea and thank for starting it

Thank you for your suggestion.

INRBTC will now accept escrow service for all transactions irrespective of size.

If escrow service is requested, the requester has to pay for escrow fees. The rates for the escrow transaction will be as per website and an additional 5% for time delay.

 ??? ::) :o This webpage is not available

This was a good service, why did it ever stop ?