After ban on banking sectors dealing with cryptocurrency in India by Reserve Bank of India. Exchanges went to P2P module where buyers and sellers can exchange their digital assets in form of fiat currency.
From start WazirX an Indian exchange started this service and it was only limited with bank transfer, now they open more two payment gateway methods to get rid of this ban and people can buy sell over the counter (OTC) trading.
PayTM is one of the popular payment gateway in India and UPI is also for wire transfer. Now people are getting more familiar with this P2P module too trade their crypto with fiat. And it's totally legal as per rule. WazirX is a good exchange and price of crypto is almost upto mark with international rates.
CEO of WazirX, Nischal Shetty tweeted
Very positive step to Indian crypto community. We want India to lead in crypto-asset and blockchain technology.
Now start enjoying new service from WazirX #isupportcrypto
