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1  Local / Press & News from India / We're giving away Bitcoin on ClearTax on: July 22, 2014, 08:23:18 AM

Hello there!

I'm Srivatsan Chari, one of the co-founders of www.cleartax.in, a website for e-Filing your Income Tax Returns.

We're giving away Bitcoin on ClearTax for referrals on https://cleartax.in/entity/Referral/0000035.

This story was picked up by livemint today. http://www.livemint.com/Companies/DuTk4UJBoCx38HDAtYtvnK/ClearTax-becomes-first-Indian-company-to-offer-Bitcoins.html

We offer Rs. 20 mobile recharge to every user who refers another user, we offer three times that value in BTC (bitcoin). We are giving away $1 (Rs. 60) worth of Bitcoin for every successful referral! It’ll be interesting to see how many people are interested in Bitcoin vs a mobile recharge. We are also giving three times the value in Bitcoin. This is an experiment as we are very excited about Bitcoin in ClearTax.

We decided to give away Bitcoin after significant pain we see in receiving payments online. Existing mechanisms are broken for a majority of our customers. We think cryptocurrencies may offer a way forward to transact cheaply online and on mobile phones.
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