India is prime Bitcoin territory. For its population of over a billion, of whom an estimated 250 million are unbanked, blockchain-based digital assets such as bitcoin and ether have always offered a pathway to increased financial inclusion and a greater role in the global economy.
But following the demonetization of its currency — an unprecedented move that wiped out 86 percent of Indias cash — the popularity of digital, mobile wallets have surged.
Bitcoin India, an exchange and digital asset wallet service provider based in what is now one of the worlds most rapidly growing economies, strives to provide the easiest and most secure digital currency value-added services for Indian consumers and merchants.
A Complete, Full-Service Platform
Bitcoin India is the worlds largest platform for buying and selling digital assets for Indian rupees. As both an exchange and a digital asset wallet. Bitcoin India offers a place to securely store, send and receive digital assets like bitcoin with minimal fees, one that can process digital asset payments to any merchant For miners. Bitcoin India owns and operates a global mining pool and also provides hosted mining services and “PickAxe” Mining Packs with weekly payouts.
“The launch ofPickAxe — Bitcoin Mining Packs — marks the beginning
Of a new blockchain-based digital assets era: one of privacy, through zero-knowledge and transactional transparency.” the company announced.
As a full-service provider. Bitcoin India also offers mining hardware that is hosted in its data centers. The companys offerings feature Bitmains flagship miner, the Antminer S9.
“Bitcoin India is growing each quarter, with 100-plus employees now.” said Bitcoin India CEO Sykam Reddy. “Its the one-and-only startup from India providing these types of products and services under one umbrella, the types of tools that every person requires in the crypto space, such as a full-stack digital asset exchange and trade platform, digital asset wallet services, a merchant payment gateway, club membership, mining services and a mining pool.”
Unlike many of the startups emerging from the country. Bitcoin India has an active presence on social media. The companys Bitcoin India Club, launched in February, is almost a social network in itself, with membership perks including support prizes, referral commissions and even stickers and T-shirts. Other membership benefits include 100 GH/s mining hash power for one year, assistance with stuck transactions and international debit cards.
“Since the inception of Bitcoin India, weve started adding the worlds most popular digital assets —
Through Bitcoin. Ethereum. Litecoin. DASH. Bitcoin Cash. Ripple. NEM. IOTA. Monero and Dogecoin — to our portfolio.” said Reddy. “And we are now in the process of adding over 20 more digital assets that will be available very soon.”
Bitcoin India is focused on making its offerings widely available to a country that increasingly relies on mobile technology to communicate, work and live.
“We have web. Android and iOS apps available for users.” said Reddy. “We accept Indian rupees on both the web and mobile applications. Now. merchants can accept digital assets through our app and receive rupee deposits daily.”
Currently, we have exchanges for bitcoin to Indian rupee, ether to bitcoin and ether to rupee markets, and we are in the process of adding another 30 or more markets soon.
As Bitcoin India continues to serve the growing market and maintain its own growth. Reddy will focus on giving back to those in need.
“While we grow, we are giving back to society.” he said. “We re providing to charities that aid victims of natural disaster through the Bitcoin India Foundation. Weve also adopted many government schools located in rural locations in Andhra Pradesh and have been providing needed items like shoes, belts, ties, books, chairs, drinking water and computers to create digital classrooms for a brighter future. Recently, we were able to help a 13-year-okj little champ get treatment for his severe blood disorder.”
That fundraising campaign exceeded its target of 1.5 million rupees, equivalent to $23,000.
The Bitcoin India Foundation is described as an independent private philanthropic foundation dedicated to assisting the underprivileged in India, particularly children and youth.
Bitcoin Indias philanthropic efforts are all part of its commitment to playing an integral and responsible role in its community. Whether it serves Indians through digital asset exchanges or assistance for the needy. Bitcoin Indias star is rising.