The Indian biscuit market is currently pegged at Rs. 10,000 crore is expected to grow at a CAGR of 10-12% in the next few years. Parle Products Pvt. Ltd., which enjoys a 60% market share in this category, is looking to tap into this growth potential by launching a new product called ‘Bitcoin’. If you are interested in Bitcoin trading, check out various websites such as Bitcoin Storm.
Online payments are rapidly becoming the preferred way for people to settle for goods and services. It’s no secret that people love the convenience of instant payments, but the reality is that companies often have goals beyond just cutting-edge convenience. Here are five ways that Bitcoin affects Parle.
It is designed to appeal to health-conscious consumers and is expected to boost Parle’s market share by 15%. The company has already started production of Bitcoin and plans to launch it in all major cities across India in the next few months.
Apart from being a healthier option, Bitcoin is also priced competitively. At Rs. 10 per packet, it is cheaper than most other premium biscuits. This makes it an attractive proposition for price-sensitive consumers.
Bitcoin is already gaining popularity among consumers and has generated a lot of positive feedback. In a short time, it has become one of its best-selling products.
Parle Products is confident that Bitcoin will be a big hit with Indian consumers and plans to invest heavily in marketing it.
So far, Parle has successfully tapped into the growing demand for healthier snacking options in India. However, Bitcoin is likely to boost its market share further and help it become the market leader in the biscuit category.
Ways Bitcoin Can Affect Parle G.
This is a big step for the company and Bitcoin as well. Parle is a commerce platform that provides merchants and consumers with an extensive range of features that help them make money from their products.
It has added several features to its platform in recent years, such as the ability for merchants to accept bitcoin as payment.
Increased visibility: One of the most significant benefits of accepting Bitcoin is that it gives companies a lot of visibility.
Increased sales: Another benefit of accepting Bitcoin is that it can increase sales. Because Bitcoin is a new currency, few people know how to use it. By accepting Bitcoin, companies can educate people about how to use Bitcoin, leading to increased sales.
Reduced costs: Another benefit of accepting Bitcoin is that it can reduce prices. Because Bitcoin is a digital currency, companies do not have to worry about exchanging it for fiat currency. This can lead to reduced costs for companies.
These are some of how Bitcoin can affect Parle G. We can expect to see more companies start accepting Bitcoin in the future.
Advantages Of Bitcoin Affecting Parle
This is a significant advantage over traditional currencies determined by country borders.
Bitcoin is secure: Bitcoin is a fast currency, thanks to its cryptography-based security features.
Bitcoin is deflationary: Due to the limited supply of Bitcoins, they are deflationary by nature. This means that their value tends to increase over time, unlike traditional currencies, which usually lose weight.
Bitcoin is easy to use: Bitcoin is straightforward and can be transferred quickly and easily between users. This makes it easy to track transactions and prevents fraud.
As Bitcoin becomes more popular, more businesses and individuals will start using it, increasing its popularity and value. So if you’re looking for a safe, secure and convenient currency, Bitcoin is worth considering.
Disadvantages Of Bitcoin Affecting Parle
Just like with any innovation, Bitcoin also has its share of disadvantages.
Everyone does not accept Bitcoin: Not all businesses accept Bitcoin as payment, which can be a problem for people who want to use it.
Bitcoin is slow: Bitcoin transactions can take a long time to process, frustrating for users.
Bitcoin is not always private: All Bitcoin transactions are recorded on the blockchain, which means anyone can view them.
These are just some of Bitcoin’s disadvantages compared to traditional currencies. So it’s essential to be mindful of both the pros and cons of Bitcoin before deciding whether or not to use it.