Story thread · 2 reports / 2 sources

Crypto goes abroad, returns as gift cards for Indians to buy groceries & gold

timesofindia.indiatimes.com · 6dShare

The mechanism involves leading fintech and e-commerce platforms incorporated in Sweden, Germany and Singapore. Individuals can use these platforms to obtain gift cards or vouchers, which effectively serve as proxy money, by transferring stablecoins from their private e-wallets to overseas entities.

First report: Crypto can buy groceries, fuel and gold for Indians — economictimes.indiatimes.com, 7d