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

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


Flipkart, India’s largest e-commerce firm by gross sales, has stated it will likely be accepting Bitcoin funds in what many suspect is an April Fools’ Day prank.

In an announcement on Twitter in the present day at 11:30 PM India Commonplace Time, Flipkart stated it might be accepting Bitcoin (BTC) “as a handy mode of fee” for its on-line market. Nonetheless, many customers have refused to simply accept the e-commerce firm’s seemingly pro-crypto stance given the timing — on the time of publication, it’s already April Fools’ Day in India.

Headquartered in Bangalore, Flipkart has claimed it had greater than 200 million customers as of July, that means crypto funds on the platform might look bullish for the Indian market. Nonetheless, stories have been circulating of the Indian authorities introducing a doable ban on personal cryptocurrencies within the nation. Many Flipkart customers seemingly doubted the veracity of the corporate’s claims.

“A large firm like Flipkart wouldn’t take such a threat given the uncertainties within the rules right here,” stated Twitter consumer Shrikar Parashar.

Many Crypto Twitter customers stated that although they believed the announcement was an April Fools’ Day joke, the message was nonetheless a bullish indicator for the area “good for Bitcoin consciousness.” Others speculated that if Flipkart didn’t maintain up its finish on Bitcoin funds, the alleged joke would possibly drive customers away:

The crypto area is yearly beset with faux information stories round April 1 that generally go viral earlier than the vast majority of readers discover the tremendous print revealing they have been jokes. For just a few years, CoinMarketCap has listed Rest room Paper Token (TPT) because the quantity “0” digital asset in its listing of cryptocurrencies by market capitalization. Final 12 months, crypto change Bitfinex pranked its greater than 600,000 Twitter followers by claiming it might launch an power drink just like Monster.

Cointelegraph reached out to Flipkart for remark, however didn’t obtain a response on the time of publication.