Indian athletes who win medals at Tokyo Olympics will receive free Bitcoin and ETH

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2021-08-04 22:53:37

An Indian cryptocurrency exchange plans to offer free digital assets to athletes who won medals at the Tokyo Olympics.

Indian athletes who win medals at Tokyo Olympics will receive free Bitcoin and ETH

Cryptocurrency platform Bitbns intends to open a systematic investment scheme (SIP) in crypto assets for medal-winning Indian athletes at the ongoing Tokyo Olympics.

The first athletes to get exposure to cryptocurrencies for free were Mirabai Chanu and PV Sindhu. Mirabai Chanu previously won a silver medal in the women’s 49 kg weightlifting, while PV Sindhu won a bronze medal in women’s singles badminton at the Tokyo Olympics.

Specifically, Bitbns plans to implement SIP accounts and grant nearly $2,700 in crypto assets to Olympic champions, $1,350 to silver medalists, and $675 to bronze medalists.

Bitbns will transfer the funds to their accounts and after completing the KYC targets, the athletes will take over with cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).

At the same time, Bitbns explained that they will structure the SIP over a period of 3-5 years and thus the medal winners will be able to generate profits in the long term through Bitbns. Gaurav Dahake, CEO of Bitbns noted:

Bitcoin and Ethereum have been the best performing assets of the past decade and have delivered exceptional returns. We look forward to making our winners experience in this amazing journey.

According to a recent study, Indians increased their investment in crypto assets from $200 million in 2020 to $40 billion in the first six months of this year, showing their appetite for money. encryption has increased significantly.

What is even more impressive is that the people of India, who are famously avid gold fans, have begun to shift their investment strategies from precious metals to cryptocurrencies. The survey adds that the number of crypto traders in India is 15 million, significantly surpassing a well-developed country like the United Kingdom, where 2.3 million individuals are already involved. market.

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