The Indian wedding that bet on Bitcoin
When Prashant Sharma and Niti Shree were planning to marry, they decided to ask for something unusual as a wedding present – the cryptocurrency, Bitcoin.
The couple, who live in the south Indian city of Bangalore, are founders of a digital start-up and many of their friends also work for technology companies.
“So we thought of merging technology with gifting for the future,” said Mr Sharma. “We explained it to our parents and they were very receptive.”
The wedding took place on 9 December, just four days after India’s central bank issued its third warning cautioning investors against buying Bitcoins.
But that didn’t seem to discourage their friends and family.
Only 15 of the nearly 200 wedding guests gave the happy couple “traditional gifts”. Mr Sharma estimates they received Bitcoin worth 100,000 rupees ($1,559; £1,169).
“The concept is good,” said one relative who gifted them Bitcoin but did not wish to reveal his name. “I am sure its acceptance will improve though many governments may not like it now.”
“Prashant and Niti did not decide on Bitcoin as a gift in the last couple of weeks,” said Ravi Shankar, another guest. “It was planned a couple of months ago.”
The recent surge in the price of Bitcoin has led many to wonder if it is a bubble.
Mr Sharma said this did not worry him much.