Blockchain.info to Partner with Unocoin to enter Indian market

Global digital currency software developer Blockchain.info  announced in September 2017 that it has partnered with Unocoin to enter the Indian market. This could be a valuable partnership as Unocoin is among the largest virtual currency platforms in India.
According to Blockchain co-founder and President Nicolas Cary, it has become one of the fastest growing markets for India.

“After demonetization, India has become the fastest growing economy to witness an increase in the use of digital wallets in daily transactions. Recently, we have newly developed series B financing with investors including Google Ventures and Richard Branson (founder of Virgin Group). One of the things we wanted to do was use some of that capital to invest in one of the most exciting markets in the world. India presents a unique opportunity for us to provide affordable digital financial services to as many people as possible,” he said.

Get to Know the Partners

Unocoin is one of India’s largest digital currency platforms. The company processes 600 million rupees worth of monthly transactions.

Blockchain, meanwhile, is one of the most popular cryptocurrency wallets in the world. The company’s global platform has more than 16.5 million users.

India Virtual Currency Industry Situation

According to Cary, 2,500 Indians invest in Bitcoin every day, according to a new report, India’s It claimed to have made it a leading competitor to become the largest digital currency market in the world. He also noted the creation of an industry body by tech companies to collaborate with the country’s Ministry of Finance.

“It’s called Digital Assets and Blockchain Foundation India. Establishing best practices for consumer protection and general regulation,” he said.

cointelegraph.com

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Mesut Rags

Global Marketing / Mining Specialist

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