Cryptocurrency exchange Bitbns will reward athletes who win medals within the Olympics with crypto money.
India-based cryptocurrency exchange Bitbns plans to offer away free crypto to local athletes who won medals at the Olympic Games in Tokyo.
💥Indian Athletes are going to be Rewarded With Cryptocurrency💥
Bitbns has announced that it plans to open a scientific investment scheme (SIP) in digital assets for Indian athletes who have won medals at the continued Tokyo Olympics. within the announcement, it had been reported that the exchange will divulge approximately $2,700 in cryptocurrencies to gold medal-winning athletes.
In the statement made by the exchange, it had been stated that Indian athletes are going to be ready to receive crypto money as a present if they manage to win a medal within the tournaments held at the Olympic Games in Tokyo.
.jpeg)
Bitbns also revealed that the primary athletes to earn cryptocurrency for free of charge are Mirabai Chanu, who won silver in women's 49kg weightlifting, and PV Sindhu, who won bronze in women's badminton.
Bitbns plans to offer away free crypto to local athletes who won medals at the Olympic Games in Tokyo.
Bitbns plans to open a SIP account for athletes and provides away about $2,700 in digital assets for Olympic champions, $1,350 for silver medalists and $675 for bronze medalists. The exchange will transfer the quantity earned by the athletes to their accounts consistent with their success. Athletes are going to be ready to transact with cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) after completing the Know Your Customer (KYC) verification .
The trading center has announced that it'll structure SIP for a 3-5 year period in order that medal-winning athletes can profit within the end of the day through Bitbns.
Increasing Interest in Cryptocurrencies in India
According to a recent study, investors in India increased their investments of $200 million in 2020 to $40 billion within the second quarter of 2021. this means that interest in cryptocurrencies has increased significantly in India.
It is equally surprising that Indians, known for his or her fascination with gold, have began to switch their investment strategies from precious metals to virtual currencies.
On the opposite hand, with this research, it had been determined that the amount of individuals who trade with cryptocurrencies in India is 15 million. Sandeep Goenka, co-founder of Singapore-based crypto exchange ZebPay, explained the explanations for this huge increase in interest within the crypto money sector within the world's second most populated country and said:
“They find it easier to require an edge in cryptocurrencies than gold, because the method is way simpler. You go browsing , you'll buy cryptocurrencies anytime, anywhere.”
Photo 👉https://unsplash.com