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Mahindra Group Chairman Anand Mahindra on Thursday stated individuals may quickly have the ability to purchase Mahindra vehicles with Bitcoin. While the crypto panorama stays unsure in India resulting from strict regulatory pressure and tax burden, traders and corporations proceed to discover the crypto market.

Anand Mahindra replied to a tweet on whether or not Mahindra automobiles will be bought with Bitcoin. He stated there could also be a risk to purchase Mahindra automobiles with Bitcoin sooner or later. It hints at a possible future when individuals in India can purchase a automotive with Bitcoin or different cryptocurrencies.

Not but. But possibly little by little sooner or later.. https://t.co/pQS0ZQ52Qf

— anand mahindra (@anandmahindra) April 20, 2023

Mahindra Group’s Crypto and Blockchain Presence

Bitcoin value at the moment trades at 23.80 lahks (approx. $29,000). Mahindra’s high mannequin automobiles such because the XUV 700 price between 20-30 lakhs. As Bitcoin value continues to rise, it can change into cheaper to purchase a automotive with Bitcoin.

Mahindra Group of firms are extra inclined in direction of crypto and blockchain. Tech Mahindra has entered the blockchain and metaverse house, main the developments amid rising potential of those future applied sciences. Kotak Mahindra Bank grew to become one of many first banks to open its doorways to the crypto market in India.

Anand Mahindra was additionally rumored to be making hundreds of thousands by investing in Bitcoin. However, he dismissed all stories claiming that he hasn’t invested a single rupee in cryptocurrencies.

Mahindra & Mahindra even collaborated with Tech Mahindra to launch its first batch of Mahindra Thar Superhero-themed NFTs. The Thar NFT was offered for report 11 lakhs, which is nearly equal to the Mahindra Thar price.

Leading car firms corresponding to Audi, BMW, Mercedes, and Porsche settle for Bitcoin. Tesla additionally accepted Bitcoin for Tesla autos however discontinued its program in 2021. However, Tesla holds Bitcoin price $184 million on its stability sheet.

Also Read: Coinbase (COIN) Shares Under Selling Pressure After Bermuda Expansion

Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his information about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been related to the blockchain and cryptocurrency trade for a considerable interval and is at the moment protecting all the most recent updates and developments within the crypto trade.

The offered content material could embrace the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any duty to your private monetary loss.