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Now, pay for tea with Bitcion, Doge, Dollar: Here’s how this Bangalore tea stall has created a crypto buzz


Having lost every penny on a Bitcoin bet, a college dropout started a tea shop called ‘The Frustrated drop out’. The thing is, the stall also accepts Bitcoin as payment and has now become an ‘affiliate hangout’ for crypto enthusiasts.

Shubham Saini, an alumnus of Indira Gandhi University, came to Bangalore to look for a job and immediately he became acquainted with cryptocurrencies and became interested in trading the cryptocurrency market.

In 2020, after the market crashed 60%, like many other Saini invested all his pocket money to buy cryptocurrency. “In a few months, I’ve seen a 1000% spike.” Are from 1.5 lakh, his crypto wallet has increased 30 thousand.

Seeing this potential, he stopped begging his parents, even paying for my college education, and lived a lavish life. He dropped out of his last semester and dived into crypto trading.

However, the following year, when the market crashed, Siani’s crypto portfolio dropped 90%. “I’m back to exactly where I started, from 30 lakh to 1 thousand. I can’t believe that one night can change so much in my life,” he said Indian Express added, “Now it’s a matter of self-esteem… When I search for online means to make quick money, nothing makes sense.”

This incident pushed the 22-year-old to go to another job. He opened a humble tea stand – ‘The Frustrated drop out’ – an initiative to reduce the use of plastic and non-recyclable items. Then came the idea of ​​a P2P payment platform.

He was surprised and curious when the customer first tried to pay for their bottle with Bitcoin. The popularity of using cryptocurrency to buy something as simple as tea has helped his business grow, as Saini points out. On average, at least 20 new customers per week use crypto to pay for their purchases, Saini claims. He told indianexpress.com that he uses the Paxful crypto platform to accept crypto payments.

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