A Delhi based new startup, Rug Republic has recently announced that they are accepting top 20 cryptocurrencies as a mode of payment which is applicable only for Indian customers.
The Rug Republic which is an Indian decor brand is the first company in India which are supporting Cryptocurrency publicly. The cryptocurrency is not legal neither illegal in India.
“It is a misconception that cryptocurrencies transactions cannot be tracked. It is easily verifiable on the blockchain, as opposed to the incredibly difficult ways money can be hidden in the real world. As we have seen with so many people during the Panama Papers episodes”, the Chief Director of The Rug Republic stated.