“With an increasing interest in Bitcoin, this integration will enable Unocoin customer to buy Bitcoin even on a weekend while the manual payment processing is not functional,” says Sathvik Vishwananth,ceo, Unocoin.
This partnership will help the Unocoin users to select the “Buy Bitcoin” tab and choose ‘Netbanking’ as the mode of payment along with the required details and confirm the order.
On successful completion of the transaction, the user will be credited with their Bitcoin immediately into their Unocoin Wallet. The PayUBiz payment gateway would facilitate the transaction with PCI-DSS compliance, ensuring complete security of the transactions.
Unocoin had previously opened up its API for public to build businesses over its services and had conducted “Cryptothon” – a 24 hour Bitcoin – Blockchain Hackathon. The company recently launched its mobile app which is a full featured mobile bitcoin app. The app offers 24/7 access to real-time bitcoin market prices and instantaneous trading transactions.
Set up in 2013 in Bengalure, Unocoin is the first Indian company in the bitcoin industry. The company said that it processes transactions worth over Rs 250mn every month and has a user base of 2,10,000 customers.
In September 2016, Unocoin has raised $2 million in a Pre Series-A round from Blume Ventures, Mumbai Angels and ah! Ventures, and international investors like Digital Currency Group, Boost VC, Bank to the Future and Bitcoin Capital.