Following in the footsteps of major global brands such as Paypal and Xbox, homegrown decor brand, The Rug Republic, has started accepting all major cryptocurrencies for their orders within India. The Rug Republic, a sustainable floor fashion with a presence in over 90 countries, will only accept the top 20 cryptocurrencies in terms of market capitalization as payments for its handmade Indian rugs, poufs and accessories. While Indian professionals such as software developers and content creators have been accepting cryptocurrencies as a medium of payment for their work from global companies for some time, The Rug Republic’s move is rare for an Indian company. Buyers looking to make payments in crypto on The Rug Republic have to contact the company through a link provided on its website. For now, The Rug Republic is using WazirX and Binance platforms for peer-to-peer transfer of crypto.

Source: Mint July 09, 2021 09:56 UTC