Mumbai: In its bid to celebrate Olympic champions, Bitbns, the country’s leading cryptocurrency exchange, has announced Bitcoin SIP awards for Indian winners at the Tokyo 2020 Olympic Games.

Indian Olympic medallists will be entitled to open cryptocurrency SIPs’ worth lakhs on the exchange. The SIP will start onwards from 2 lakh for gold, 1 lakh for silver, and 50,000 for bronze medallists, said the company in a release.

“The company aims to begin with honouring Mirabai Chanu for bagging a silver medal in weightlifting in the 49 kg category and PV Sindhu, who won the bronze medal in badminton.”

Gauarv Dahake, CEO, Bitbns said, “As India celebrates its 100-year journey with the biggest global sporting event, Bitbns is proud to associate and play its bit in honoring the Indian Olympic champions. Indian athletes winning medals at the Olympics are not just fulling their dreams but the dreams of billions of Indians while making the country proud on a global platform. I would like to convey my heartiest congratulations to Mirabai Chanu and P.V. Sindhu for bringing home the medals.”

“This is a small gesture from us to gratify them in our own way,” he added.

Bitbns will felicitate the Indian medalists by crediting each with cypto SIPs’ worth lakhs. The amount will be auto-credited to their account, which the athletes can later access by completing the KYC. The SIP will be structured for a 3-5 year period thereby offering them a seamless exposure to the digital asset whilst enabling them to earn a fixed source of income in the long term through the platform.

Bitbns offers Bitdroplet SPP (Systematic Purchase Plan), a simple and secure platform, which allows one to invest in cryptocurrencies via a SIP. One can invest in the top cryptocurrencies of Bitcoin and Ethereum in regular installments such as daily, weekly or monthly. The platform thus encourages to invest in small volumes periodically to reduce risks while timing the market well.

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