Indian Exports and Bitcoin

[bloods-n-cryptos]

Any known companies working with exporters to accept Bitcoin? 

I think Bitcoin could be a means to allow end-producers (I.e., farmers, clothing makers, textile manufacturers, etc...) to export while eliminating the middle man.  Maybe one day.

[Betwrong]

Well there is one at least.

http://www.totalpayments.org/2013/11/26/indian-tea-exporters-loving-bitcoin-benefits/

Let's hope more companies like this one will appear in the future.

[bloods-n-cryptos]

Thx

[tech_solutions]

Just now saw this thread and after reading about one of the tea manufacturer started to accept bitcoin as their payment option, it was really nice to hear that some one has started the bitcoin payment system , their is more long way for others also to accept bitcoin as  payment option.

[Wapinter]

Well there is one at least.

http://www.totalpayments.org/2013/11/26/indian-tea-exporters-loving-bitcoin-benefits/

Let's hope more companies like this one will appear in the future.

I dont think anyone will risk their business with bitcoin in absence of regulations and RBI explicitly accept btc as currency.Wouldn't they lose their export license and prefernces given to them as exporters? Would bitcoin be counted as foreign currency?

[Betwrong]

Well there is one at least.

http://www.totalpayments.org/2013/11/26/indian-tea-exporters-loving-bitcoin-benefits/

Let's hope more companies like this one will appear in the future.

I dont think anyone will risk their business with bitcoin in absence of regulations and RBI explicitly accept btc as currency.Wouldn't they lose their export license and prefernces given to them as exporters? Would bitcoin be counted as foreign currency?

I didn't know that RBI has the power to deprive a company of its right to trade with a foreign country. If that's true then it's sad that a company which takes the risks to start using BTC risks to lose its export license.

[tech_solutions]

Well there is one at least.

http://www.totalpayments.org/2013/11/26/indian-tea-exporters-loving-bitcoin-benefits/

Let's hope more companies like this one will appear in the future.

I dont think anyone will risk their business with bitcoin in absence of regulations and RBI explicitly accept btc as currency.Wouldn't they lose their export license and prefernces given to them as exporters? Would bitcoin be counted as foreign currency?

I totally agree with you when you are doing export business then i think you have to follow the forex rules of currency only, you can do business of bitcoins within the country but in export or import ,i think Bitcoin is very risky. Because Bitcoin is not still counted as currency in india or most of the countrys.