Harsh Goenka’s post on Bengaluru tea seller who accepts crypto payments
A small tea stall in Bengaluru represents the amalgamation of old and new by bringing modern technology together with a centuries-old business idea. Industrialist Harsh Goenka shared a picture of the tea stall that accepts payments in cryptocurrency, calling it an example of “The new India.”
The tea stall is run by Shubham Saini, a crypto trader who started the venture after dropping out of his BCA course.
"I had invested Rs 1.5 lakh, and in the matter of few months, I witnessed a 1000 per cent jump in my portfolio. Soon, my crypto wallet increased to Rs 30 lakh, and this was a big deal for a student like me," he told the Indian Express in a September interview.
The new India….. pic.twitter.com/MQjO6FHiOY
Facing financial hardship, the 22-year-old decided to open a roadside tea stall in the startup capital of India. Customers at his tea shop have the option of paying with cash, UPI or cryptocurrency.
A cup of tea costs Rs 20 or $0.26 at the stall. Saini uses Paxful, a platform for buying, selling and trading cryptocurrency, to accept Bitcoin payments.
Read more on moneycontrol.com
