More Indians Get Into Crypto Through Low-value Bitcoin Gift Vouchers

Bitcoin gift vouchers have recently been rising on the popularity scale in India’s IT center, Hyperabad. Some might consider this a surprise considering the escalating hostility of the environment for the Indian crypto community. The ingenuity of the idea behind these gift vouchers lies in its cheapness and guarantee of low-risk entry into the crypto industry.
As reported by, trading platforms in India have been going through an unexpected drop in volume this past few weeks. Some representatives of major exchanges have admitted that trading went down by 90% just within two months.
Despite the drop of trading volumes, Indians have still been showing interest in taking part in the crypto world. As a matter of fact, coffee shops in Hyperabad are offering bitcoin gift vouchers, causing a rise in people’s curiosity and demand for bitcoin. For only 200 Indian Rupees ($3) you can get a gift card which offers the user a chance to be part of the cryptocurrency industry through a micro investment which has practically no risk. This idea is apparently a big hit to Indians as it can be given as gifts to family and friends or simply purchased for themselves.
Hyperabad, which gained its nickname- “Cyberabad” due to its performance as a global hub for information technology, is India’s fourth most populated city. About 400,000 people are working at tech companies in the city at present time, and a big part of these tech-inclined Indians have invested in cryptocurrencies while others are planning or wanting to be involved. Many of which are turning to these vouchers to “buy” their first bitcoin.

Related posts
EthereumEthereum NewsETHUSDethusdtNewsVitalik Buterin

Ethereum Just Minted The World’s Youngest Crypto Billionaire

Ethereum (ETH) just minted its 13th billionaire and he’s the youngest on the list.  Russian-born, Vitaliik Buterin is the latest to be inducted into the prestigious triple comma club by Forbes. The 27-year-old programmer and co-founder of Ethereum who was…
CBDCcryptocurrencyCryptocurrency Newsdigital currencyNews

World Central Banks Deliberate On The Future of Money

Think about it this way: “It would be a mistake to think the internet won’t do to money the same thing it’s done to communications. When was the last time you wrote a letter, as opposed to sending a mail,…
Bitcoin NewsbtcusdBTCUSDCBTCUSDTcryptocurrencyCryptocurrency NewsEthereum NewsETHUSDethusdtNewsxbtusd

S&P Dow Jones Indices Takes Bitcoin and Ethereum to the Trading Floors of Wall Street

S&P Dow Jones Indices, the leading investment benchmark and indices provider, has launched “S&P Cryptocurrency Indices” with an ambitious goal of bringing transparency to the ever-evolving cryptocurrency market. These indices will measure the performance of certain cryptocurrencies that meet specific…