Indian athletes at the Tokyo Olympics have been bringing laurels to the country. With a barrage of congratulations and monetary rewards for them, each day is presenting itself as a surprise. You’d have heard of free pizzas for Mirabai Chanu; she and Badminton player PV Sindhu are in for more, now that they’ve clinched silver and bronze medals, respectively. Bitbns, an India-based cryptocurrency exchange, is offering to open a systematic investment plan in cryptocurrencies like Bitcoin and Ethereum for the two.
The cryptocurrency exchange has an interesting offer for the Indian winners at the Tokyo Olympics. It has offered a SIP account with Rs 2 lakh for gold medal winners, Rs 1 lakh for silver medal winners, and Rs 50,000 for bronze medal winners, as per their official statement at a press conference.
This will be structured for a period of three to five years, with monthly auto auto-credit to their account, which they can later access by completing the KYC (Know Your Customer) norms. “It will offer them a seamless exposure to the digital asset whilst enabling them a fixed source of income in the long term through the platform,” Bitbns said.
“Bitcoins and Ethereum have been the best-performing assets in the last decade, and have given exceptional returns and we aim to get our winners to indulge in this rewarding journey,” said Gaurav Dahake, chief executive officer at Bitbns.
Cryptocurrencies like bitcoin have proved to be incredibly lucrative for investors in the last few months by increasing the return manifolds. Bitbns’ Bitdroplet lets the investors buy Bitcoin or Ethereum coins on a daily, weekly or monthly basis in a systematic way. The process is similar to the systematic investment plans in domestic mutual funds.