Meet the Bengaluru tea-seller who accepts payment in cryptocurrency

It is not uncommon to find tech-savvy souls in the city of Bengaluru, often called India's information technology capital. But this tea-seller has perhaps beaten them all as he said that he is accepting cryptocurrency as the mode of payment at his shop which is named 'frustrated DROPOUT'.

The story of the tea-seller has now gone viral on social media and his stall has turned out to be a popular one in the city.

A Twitter user by the name of Akshay Saini on Wednesday (28) shared a photograph of the tea seller and wrote, “Just Bangalore things. #crypto #NammaBengaluru(Sic)”

People came up with all sorts of queries soon after seeing the unusual tea seller. One user, for example, asked, “How does he accept crypto? Which all coins are accepted? How does he decide the exchange rate? I have so many questions (Sic)”

Another user said, “If you know this guy, pass him another idea: "NFT chai" --own the chai you drink. (Sic)”

According to a report in The New Indian Express, the tea-seller who is accepting the unique payment is called Shubham Saini. He set up his stall at Marathahalli area of Bengaluru with an initial capital of Rs 30,000.

It also said that Saini started his tea business after losing a huge amount of money as crypto trader when the market plummeted last year.

The tea-seller has also placed a placard in his shop in which he updates prices after comparing the American dollar to the Indian rupee for crypto payments.