Cryptocurrencies are a more sustainable and advantageous future than Fiat money can even dream of being.
The Rug Republic, an Indian decor brand having presence in over 90 countries and 6 continents, has announced that it will accept cryptocurrencies going forward.The Rug Republic has the largest collection of Indian handmade rugs and accessories across the world and is the only Indian floor fashion brand with the global recycled standard certificate. TRR also uses recycled denim, cotton, silk and even plastic bottles to produce its products.
Raghav Gupta, Director, The Rug Republic said “The blockchain is a great piece of technology that will undoubtedly change the face of transactions as we know them. A new age where middlemen can be cut out and benefits can be reaped by all instead of a select few. I believe as entrepreneurs it is not only in our best interest but also our duty to adopt new tech that can solve very key issues in our current ways.”
In the face of innumerable concerns pertaining to the absence of regulatory clarity being raised by the experts, Gupta allaying all these doubts said “It is a misconception that crypto transactions cannot be tracked in any way. It is easily verifiable on the blockchain, as opposed to the incredibly difficult ways money can be hidden in the real world. As we have seen with so many people – Panama papers. Our invoices clearly mention that money was taken in x currency on this date at this price. Everything is absolutely above board.”
“The Rug Republic are proud to take part in this great journey towards a more connected future” Added Mr. Gupta.