Software platform for cryptocurrency Blockchain has entered the Indian market, in partnership with Unocoin. The partnership will allow individuals in India to seamlessly and quickly fund their Blockchain wallets.Acquiring Bitcoin is a multi-step process with high fees, long settlement delays, untrustworthy service providers, and opaque identity verification procedures. With the partnership, Blockchain is aiming to eliminate that friction and make Bitcoin buying a user-friendly and accessible task for customers across India.“Blockchain is one of the most trusted companies in digital currency. We are thrilled to work together to provide users a convenient way to participate in the digital currency ecosystem and experience all of the benefits it has to offer,” said Sathvik Vishwanath, co-founder and CEO, Unocoin.The partnership between Blockchain and Unocoin will allow Indian users greater purchasing power directly within their Blockchain wallets without compromising user security or control.
Initially, the integration will be available to web users. The company will later expand the Unocoin integration to mobile for Android and iOS users.
Blockchain – Aiming to Disrupt The $164 Bn Cryptocurrency Market
Founded in 2011, Blockchain offers a digital asset platform in the world. The company’s wallet software has empowered millions of active users in 140 countries across the globe. Blockchain has raised over $70 Mn funding from notable investors. The company claims to have about 16.5 Mn wallets.
Talking about the move, Nic Cary, co-founder and President, Blockchain said, “Post demonetisation, India became the fastest growing economy to witness a surge in use of digital wallets in daily transactions. The fondness for digital currency, especially Bitcoin, has also seen a rise, attracting many users who want instant transactions. According to a recent report, 2500 Indians are investing in Bitcoin daily, which makes India one of the top contenders for becoming the largest market for cryptocurrency. Keeping this in mind, we are partnering with Unocoin to bring in this digital currency to the masses.”