September 26, 2021

Indian crypto users suspect Flipkart’s Bitcoin announcement is an April Fools joke

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Flipkart, India’s largest e-commerce company by sales, has said it will be accepting Bitcoin payments in what many suspect is an April Fools’ Day prank.

In an announcement on Twitter today at 11:30 pm India Standard Time, Flipkart said it would be accepting Bitcoin (BTC) “as a convenient mode of payment” for its online marketplace. However, many users have refused to accept the e-commerce company’s seemingly pro-crypto stance given the timing — at the time of publication, it is already April Fools’ Day in India.

The future is here. We now accept Bitcoin as a convenient mode of payment. Update your app now. pic.twitter.com/l3MlY2qwRd

— Flipkart (@Flipkart) March 31, 2021

Headquartered in Bangalore, Flipkart has claimed to have more than 200 million users as of July 2020, meaning crypto payments on the platform could look bullish for the Indian market. However, reports have been circulating of the Indian government introducing a possible ban on private cryptocurrencies in the country. Many Flipkart users seemingly doubted the veracity of the company’s claims.

“A massive company like Flipkart would not take such a risk given the uncertainties in the regulationsTitle: Indian crypto users suspect Flipkart’s Bitcoin announcement is an April Fools joke
Sourced From: cointelegraph.com/news/indian-crypto-users-suspect-flipkart-s-bitcoin-announcement-is-an-april-fools-joke
Published Date: Wed, 31 Mar 2021 20:50:48 +0100