I was recently browsing on another forum and found a topic wherein a user was asking on
how to make a purchase online in India using crypto. I was unaware you can do something like this with your own cryptocurrency. I was only aware of a project, that allows any user to earn Bitcoin using their list on their platform to make a purchase with INR.
Real ScenarioJust think about it, Why on earth would I use such a platform when I know it is just based on affiliate commission and it cannot be questioned as they have a certain period to release Bitcoin gained through your purchase? Rather than using such a platform, I would always prefer an alternative to use my crypto, especially my Bitcoin.
Practicality When I heard that this platform
Bitrefill provides an option to buy gift cards using their platform for major e-commerce sites in India. I went ahead and checked it and was gratified. To my surprise, they had gift coupons from every company that you ever dreamt of. I did scroll almost every company listed on the platform and I found out that they are selling coupons for petrol to diamonds.
CommisionI understood that Betrifill is charging 1 percent per purchase and I think it is far less than what our government is charging as tax, GST & so on.
ProblemLet me put it in a list.
1. The biggest issue is that Betrifill allows access to its platform using Metamask wallet or getting registered using email.
2. You can buy coupons in whole numbers as in INR 100, 1000, & 2000 but when the bill is displayed it will always be an in odd number format.
3. Sometimes the cost price would be more when you are using a coupon.
4. There might be a major difference on the INR price when you compare it with an exchange.
If you think there are more pros & not cons then do share.