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The Indian wedding that bet on Bitcoin

Prashant Sharma and Niti Shree These are external links and will open in a new window Image caption Prashant Sharma and Niti Shree received Bitcoin as a wedding gift from nearly all their guests 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. 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.

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