BillDesk, an Indian online payments company that conducts around 70% of India's online billing transactions has launched Coinome, India's first crypto-currency exchange. Right now the platform supports Bitcoin and Bitcoin Cash only, but the exchange plans to support 20 mainstream crypto-currencies by 2018. There have been rumors that the Indian government might ban Bitcoin and the interesting thing is the company behind Coinome, BillDesk is a participant under the Payments and Settlements Systems Act, 2007 that is regulated and supervised by the Reserve Bank of India.
Mumbai based payment gateway Billdesk has launched ‘Coinome’, India's first crypto-currency exchange.
Coinome will allow users to be on-boarded via Instant e-KYC. Users can start transacting in crypto-currencies almost immediately upon registering.
The exchange supports instant deposits using payment gateway and instant withdrawals, thereby allowing transactions even on weekends or business holidays.
Headquartered in Mumbai, Coinome is incorporated under Hatio Innovations Pvt. Ltd, a wholly owned subsidiary of BillDesk.
“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.
BillDesk’s expertise in secure online payments will support Coinome in promoting crypto-currencies as viable avenues for investments, transactions, and building digital assets.
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.”
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