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The Indian wedding that bet on Bitcoin

Prashant Sharma and Niti Shree There are two key traits of Bitcoin: it is digital and it is seen as an alternative currency. Unlike the notes or coins in your pocket, it largely exists online. Secondly, Bitcoin is not printed by governments or traditional banks. A small but growing number of businesses, including Expedia and Microsoft, accept Bitcoins - which work like virtual tokens. However, the vast majority of users now buy and sell them as a financial investment. 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.

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