Indias RBI May Make Cryptocurrencies As Legal Tender But Not Convinced With Bitcoin

Mumbai based payment gateway Billdesk has launched ‘Coinome’, India’s first crypto-currency exchange. The exchange plans to support 20 mainstream crypto-currencies including bitcoin, by 2018.

Coinome will allow users to be on-boarded via Instant e-KYC. Users can start transacting in crypto-currencies almost immediately upon registering.

The 24×7 exchange supports instant deposits using payment gateway and instant withdrawals, thereby allowing transactions even on weekends or business holidays.

“We would fundamentally like to provide Indian users with a secure and convenient means for buying or selling Bitcoins, and other crypto-currencies and promoting the same within Indian masses as commercially viable alternatives for building their digital assets,” said Vivek Steve Francis, CEO of Coinome.

Srinivasu MN, Co-founder, and director of BillDesk said, “Advancements in Blockchain, as well as crypto-currency space, are happening at a rapid pace. We are making the long-term bet that digital currencies are going to be powering transactions in the future and change the way consumers and organizations interact and transact with one another.”

BillDesk is India’s largest payment solutions platform handling over USD 50 billion consumer digital payments annually. It is estimated[weasel words] that 70% of India’s online billing transactions are conducted through BillDesk.

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