Bitcoins are discussed on the Internet every other day, but there’s been little or no interest in India as there is no place to use them. Now though, a Bangalore-based company has launched the country’s first e-commerce site called ‘Mad Over Coins’, which accepts the virtual currency, Medianama reports. Also Read - India bans 43 more Chinese apps over security concerns
Started by Vikram Nikkam, part of Unobit Solutions, Mad Over Coins sells everything from day-to-day stuff like biscuits or pickles to a second-hand Royal Enfield bike. Besides delivering stuff across the country, the site also does global deliveries, which could take up to two weeks. You can buy a pack of biscuits for ฿0.0010, chocolates for ฿0.0030, bottled water for ฿0.0010 or the aforementioned second-hand Royal Enfield for ฿3.00. Also Read - Fake Xiaomi products worth Rs 33 lakh seized in Bengaluru, Chennai
Since there are no RBI-set regulations for bitcoins in the country, MOC is also currently working with a company called Buttercoin, which provides banks with white label bitcoin technology and API to monitor and handle bitcoins.