Cryptocurrencies or the idea of bitcoins is very for every Indian. It is very hard to believe if someone in India uses Bitcoin as a mode of payment. The use of Bitcoin is not like hanging out in Chandni Chowk and snacking gol gappas on a stall. That’s why we say it is very hard to believe if someone in India starts using bitcoins or cryptocurrency as a mode of payment.
But we have an amazing news for you. A restaurant in India accepts Bitcoin. A restaurant chain name Suryavanshi restaurants accept bitcoin as a payment mode. Suryavanhi restaurants have two restaurants. One at Indiranagar and the other at Whitefield both located in Bengaluru. In both of the restaurants along with the usual payment, mode Bitcoin is acceptable.
History Of Suryavanshi Restaurants
Kailash Suryawanshi belongs to Kolhapur, Maharashtra. He moved to the south city in 2004 and worked in used card business. It hardly takes a decade to discover the non-availability of quality Maharashtrian food. This the main reason that makes him open his own family restaurants. The first restaurant was launched in Whitefield and another in Indiranagar in 2015. In both the restaurants, they serve authentic kohlapuri thalis and making a name for themselves.
Bitcoin At Suryavanshi Restaurants.
However, the two foods outlets are not the first one with bitcoin as a payment mode. But they share their story to chose the cryptocurrency Bitcoin as a mode of payment at their outlet. Son of Kailash Suryavanshi, Tejas Suryavanshi said they were introduced to the concept of Bitcoin in September, last year. They found that the value of their initial investments grows very quickly. Then in November, they decided to accept bitcoin at their restaurant. Thier to accept bitcoin is increase the awareness and about this technological currency and to increase the value of their investment. Since they started the use of Bitcoins as their restaurants only one transaction has done.
“There were a lot of people who came and clicked photos (of the sign) but apart from that no transactions,” 23-year-old Suryawanshi told Quartz, adding that one bill worth around Rs500 was paid for using Bitcoin a little over a month ago. Now, the bitcoin earned is worth over Rs1,000, he said.
“Bitcoin is a very risky platform at the moment… nobody has control over it, so you don’t know where the money is coming and where it is going,” Suryawanshi said. “There’s a fear of being hacked; people don’t think being online is good enough.”
In India, people are showing interest on cryptocurrency and bitcoins. Zebpay an online transaction app that allows you to use bitcoins say that number of Indian are increasing day by day.
With some brave and dared people like Kailash Suryavansham, we also hope that use of bitcoin will not be a trouble for us anymore.