Devilz Tattooz firms declared working with cryptocurrency exchanges such as Trust wallet and WazirX to accept crypto payments in its tattoo business.
Though the Indian authorities are yet to confirm whether the market should treat crypto as a currency or an asset, some firms have started accepting crypto payments for their products and services. Keep in mind that India has been skeptical about crypto adoption for a while now.
A tattoo chain based in Delhi, Devilz Tattooz, declared accepting BTC, ETH, and ADA payments for its tattooing services. With that move, the firm joins The Rug Republic. It is a homegrown décor make located in Delhi. Devilz Tattooz works with cryptocurrency exchanges like Trust wallet and WazirX to offer crypto payments services.
Devilz Tattooz founder Lokesh Verma said he trusts Bitcoin and blockchain technology since it gives individuals the power to control the market with its decentralized and declassified nature. Verma believes that the young generation needs to support new and promising technologies, promoting their growth.
The tattoo business is among the new startups to venture into the cryptocurrency world. For now, speculations in the markets are that firms like Amazon and Walmart are ready for cryptocurrency adoption. However, only a few businesses have made crypto an actual currency regardless of the increased popularity. Most firms remain in the wait and observe mode.
On the other news, El Salvador seems to explore all possible means to ensure BTC law succeeds. For now, Salvadorian authorities plan to exempt BTC taxes on foreign investors. The president’s legal advisor Javier Argueta revealed a statement targeted to attract investors and entrepreneurs to the region.
Argueta told AFP that individuals with Bitcoin assets would not incur taxes on their high profits. He also declared that the move aimed to encourage foreign investors. He also said that the nation collaborates with global agencies to follow the accepted financial regulations.
However, BTC adoption in El Salvador has faced challenges in its early stages. That has seen disparagements from different angels, including opposition parties and regulators.
Stay around for the recent updates in the cryptocurrency market.