[2016-05-23] News18: Indians Can Soon Shop Online Using Bitcoins

[polynesia]

Indians Can Soon Shop Online Using Bitcoins

http://www.news18.com/news/tech/indians-can-soon-shop-online-using-bitcoins-1246709.html

As a wide section of Indians get used to paying bills and shopping online through internet banking or credit cards, here comes another mode of payment that has remained in the shadows so far.

You can now pay your mobile or DTH bill through the digital currency, Bitcoin. Online shopping and utility bill payments via the virtual currency should be available soon.

"Users are increasingly using Zebpay to pay their mobile bills using bitcoins and to buy vouchers for online shopping. Last month, users paid bills of more than Rs 15 lakh using bitcoins. This number is doubling every month," Sandeep Goenka, co-founder of Bitcoin mobile app-based platform Zebpay, told IANS.

[1715311399]

1715311399

[btvGainer]

Good news and very exciting.But unless we also get paid In bitcoin or there is jobs that pay in bitcoin,why would someone use bitcoin to shop online when he can use credit card or far better COD option?Who would take all the pain of first buying bitcoin to pay for shopping when he can use fiat for that?

[polynesia]

Good news and very exciting.But unless we also get paid In bitcoin or there is jobs that pay in bitcoin,why would someone use bitcoin to shop online when he can use credit card or far better COD option?Who would take all the pain of first buying bitcoin to pay for shopping when he can use fiat for that?

Credit cards may appear free to the user, but there is a transaction charge of 2-3% which the merchant pays. Eventually, you can expect this saving to be passed on to the customer when bitcoins are used.

[bitcoinisfurture]

Yes there are transaction charges which is being levied sometimes by credit card users and in bitcoin you can save those %. This is eventually a benefit to customers. Also on other hand if you pay your bills delayed to company you are being charges 3-4 % pm by this companies. That is also another loss.