Bitcoin as a Wedding Gift is a Fad
The all famous BitCoins have managed to crawl their way into the coming together of two people too. Bitcoins for marriages are no more a thing to be shocked about these days, where couples can make choices for gifts.
The all famous Stony Point marriage halls have proudly announced their move to accept the digital currency. They announced that they were now accepting cryptocurrencies like BitCoin, Ethereum, Lite coin as payment via coinbase.com
In India, a couple Prashant Sharma and Niti Shree, founders of a digital startup married in what is being called as the first bitcoin wedding in India. They believed that Marriages might be made in heaven but marriage gifts can be decided on earth. They planned on skipping the usual mundane gifts on their marriage, and rather asked the guest to gift them Bitcoins. Yes! You heard it right. Since most of their friends were from the IT industry, they were pretty much comfortable with the idea of being asked to gift something of the newly wed’s choice, instead of a brainstorming session over the same. Bitcoins seemed reasonable to ask for and to be gifted as well. The couple also ensured that their wedding card had a step by step guide to ensure a smooth transfer of bitcoins as gifts, and this actually worked out. The count was pretty decent with more than 80% of the guests gifting them Bitcoins, making a collection worth Rs.1,00,000.
The recent surge in the price of Bitcoin has led many to wonder if it is a bubble.
Prashant said that this did not worry him much though.
“If you buy something to sell it later then you are creating a bubble. We bought Bitcoin because we wanted to see how this technology moves forward,” he said.
“Bitcoin is not the only thing that has potential. Blockchain technology is the real deal,” he added.
Blockchain, the technology underpinning Bitcoin, is a method of recording data – a digital ledger of transactions, agreements, and contracts. Many banks have confirmed that it could transform the future of financial transactions.