Indian Bitcoin Wallet Zebpay Records Impressive Turnover

By April 19, 2016Bitcoin Business

Bitcoin seems to be on the right track over in India, as Zebpay recently announced they surpassed a significant volume milestone in transaction processing. This does not come as a big surprise, considering how well Bitcoin has been doing in the country as of late.

Also read: Ethereum Price Technical Analysis – Shows Signs of Further Upsides Zebpay Continues to Grow in India

Over the past ten months, Indian Bitcoin wallet startup Zebpay has processed a lot of transactions. So much even they surpassed the Rs 100-crore – Rs 1 billion – mark not too long ago, which is a significant milestone for this startup . Very few companies can show off a similar track record within their first year of existence, which goes to show how important Bitcoin startups are in India.

The company surpassed this magical threshold on April 15th of 2016. However, it is important to note this volume is not all just about buying and selling Bitcoin itself, as the company has also been experimenting with selling e-commerce and airtime vouchers as of late. This creates additional use cases for Bitcoin in the country as well

What makes Bitcoin so appealing in India is how the digital currency can be utilized by just about anyone in the country. That being said, it appears as if mostly freelancers , tech-savvy people, and wealthy individuals are experimenting with Bitcoin right now. Reducing the fees associated with remittance , as well as the opportunity for investment gains, attract a variety of digital currency enthusiasts. Bitcoin is Booming in India

The ease of use associated with Bitcoin in India is part of why this digital currency has become so successful in recent times. Moreover, the country hosts several exchanges, one of which is Coinsecure, which recently secured a […]

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