Unocoin associates with PayUmoney to enable mass adoption of bitcoin currency

Posted at 6:00 am on December 26, 2016 under News

The association between India’s leading digital payments players comes as a sweet Christmas surprise amidst the cashless frenzy

Bangalore, India – December 23, 2016 – Unocoin, India’s leading Bitcoin Company announced its association with PayUmoney, one of the avant-garde digital payments solutions providers in India. The partnership enables Unocoin users to buy Bitcoin using PayUmoney Wallet, hence giving them more alternatives than restricting to NEFT/IMPS/RTGS transfers.

“The partnership with PayU is coming at a time when we are seeing a huge increase in the number of wallet users in India. The ease with which payments can be made via wallets like PayU is certainly going to benefit the Bitcoin buyers and increase accessibility to Bitcoin markets. This is our Christmas gift to Unocoin users.” says Sathvik Vishwanath, CEO, Unocoin.

To buy Bitcoin with PayU money, Unocoin users will have to create a registered PayU wallet. Both the Unocoin wallet and PayU wallet must be registered under the same mobile number. The user needs to load his PayU wallet using debit/credit card/ internet banking and then can log into the Unocoin wallet and select the buy with PayU money option under the ‘Buy Bitcoin’ tab.  Once the payment is confirmed, the user will receive the requested amount of Bitcoin in their Unocoin Wallet.

Elucidating upon the partnership, Rahul Kothari, Head, PayUBiz added, “We are glad to associate with Unocoin and embark upon a journey towards mainstreaming Bitcoin adoption and utility in India. Given the current digital payments drive, following the demonetization of currency notes, we are optimistic about the future Bitcoin. I am affirmative that our users will appreciate the complete assortment of valuable services now available at PayUmoney, and will show agility in adopting Bitcoin by Unocoin.”

 Unocoin had recently launched its mobile app on iOS and Android, becoming the first company in India to offer a full featured mobile bitcoin app. The app offers 24/7 access to real-time bitcoin market prices and instantaneous trading transactions. In another development, Unocoin had previously opened up its API for public to build businesses over its services.

Unocoin Boosts Indian Take Home Pay Through Partnership With Bitwage

Posted at 6:00 am on December 21, 2016 under News

India’s dominant Bitcoin company pairs up with Bitwage to improve international wage distribution

BANGALORE, India – December 21, 2016 – Unocoin, India’s leading bitcoin company, today announced the launch of a partnership with Bitwage, a blockchain-powered platform revolutionizing international payroll. Bitwage, named one of the top 21 blockchain companies in 2016, is the world’s most efficient solution for international trade processing needs, cutting transaction costs and time with blockchain technology. Powered by Unocoin’s recently announced, robust API, the Bitwage platform is accessible on all web, iOS, and Android applications. The partnership between Unocoin and Bitwage empowers millions of workers in India to take full advantage of opportunities from the current India’s economic crisis.

With today’s announced integration, Unocoin is helping Bitwage further expand in India, the world’s second most populous nation. Contractors, employees, and others receiving wages or business disbursements can sign up on Bitwage; once they select INR as their currency, an Unocoin account is automatically generated. With the service, Indian employees will be able to receive their wages in INR from companies based in the United States, Europe, and United Kingdom, typically at far better rates than competitive services. Already, companies like Uber, Facebook, Google, and Airbnb send money to their employees through Bitwage.

As Bitwage uses bitcoin as a transfer mechanism, Indians can now receive payments from the United States, Europe and the UK at better rates than ever. For instance, an employee receiving $1,000 USD sent to India could receive 70250.00 INR with Bitwage, far more than an estimated 64481.60 INR through Paypal or approximately 65660.00 INR via Citibank India.

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Sunny Ray, Co-Founder and President of Unocoin stated, “Our partnership with Bitwage could not have come at a better time for the people of India. We are excited to work hand in hand with a Bitwage, a company equally as committed to transforming and improving the lives of workers in India. The demand for Bitcoin in India is tremendous. Together with Unocoin, Bitwage is giving foreign employees in India an unprecedented arbitrage opportunity, so they can take home far more money from the same paycheck than ever before.”

Added Ray, “I grew up in Canada watching my father send money to our family in India. Now  along with my co-founders, we created Unocoin to solve the problem of expensive fees and drawn out transaction times; this is just one way that digital currency can dramatically help humanity.”

Jonathan Chester, Co-Founder and President of Bitwage said, “The partnership with Unocoin was an undeniable opportunity because of the profound impact it will have on the Indian community. The value of the Unocoin and Bitwage partnership goes beyond providing a faster, cheaper, and more reliable solution for international wage processing needs – It is helping revive the Indian economy.”

“With the recent economic crisis in India, more and more people are turning towards Bitcoin. Unocoin is the bridge connecting the Indian community to the incredible benefits Bitcoin and blockchain technology have to offer. Our partnership with Bitwage furthers our mission to bring Bitcoin to the masses,” concluded Ray.

Unocoin Launches Bitcoin Mobile App on iOS and Android

Posted at 6:00 am on November 28, 2016 under Development

New mobile app allows users to buy, sell, send, and receive Bitcoin on the go

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Bangalore, India – November 28, 2016 – Unocoin, India’s leading Bitcoin company, has announced the launch of its new mobile app for both iOS and Android devices. Developed by Unocoin, the app will allow consumers to buy, sell, send, receive and store bitcoin all in one place, from any remote device. Unocoin becomes the first company in India to offer a full featured mobile bitcoin app, with 24/7 access to real-time bitcoin market prices and instantaneous trading transactions. The implementation is timely because bitcoin adoption is rapidly ascending in India, coupled by government’s decision to demonetize 500 and 1000 Rupee notes. The implementation of a mobile app aligns with Unocoin’s mission in enhancing mainstream adoption and help bring bitcoin into the hands of billions. Unocoin’s app is currently live and is expected to accelerate demand for the world’s most valuable cryptocurrency, particularly in a mobile-heavy market.

Abhinand Kaseti, Co-Founder and CMO of Unocoin said, “As of now, there are more than 1 billion Indians who use mobile phones. More than 300 million use their phones regularly for accessing the internet. This trend is expected to go up by 56% per year. We focused on creating a design and interface that provided a seamless user experience on mobile. Customer satisfaction, easy navigation and user simplicity are the most important tenets to us, and we wanted to provide an even more convenient way for users to access and manage their digital currency portfolio when a home or work computer is out of reach.”

After raising a national record 1.5 million USD in October, Unocoin has released its app just weeks after implementing a robust new API. The company, whose mission is to “Bring Bitcoin to Billions,” designed the app to include every feature already embedded into the company website. The app will include the buy and sell pairing for BTC/INR, mobile/DTH (Direct to Home Satellite Program) recharge, SIP (Systematic Investment Plan) access. Unocoin has also released its POS (Point of Sale) app on both App Store and Play Store to enable physical stores to accept bitcoin as a mode of payment about six months ago.

“We built this app from the ground up, using our very own public API, to ensure security and ease of use. It is secure with TouchID for iOS devices and password access for Android devices, and boasts a one touch button for buying and selling bitcoin, complete with inbuilt conversion. The dashboard displays the users BTC wallet, with the option to send and request bitcoin, and the INR wallet, with the option to add and withdraw Indian Rupees. The dashboard also features a 24 hour price graph, address books, messaging capability and transaction progress and confirmations,” Kaseti said.

The Unocoin wallet app requires iOS 7.0 or later for iPhone, iPad and iTouch users, and Jelly Bean or later for Android users.

Scan the below QR code from your Android phone or iPhone to download the app and start using it.

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Unocoin Reveals Robust API To Power New Business

Posted at 6:00 am on November 7, 2016 under Development

India’s leading bitcoin company introduces an API to cultivate crypto market in India

Bangalore, INDIA – November 7, 2016 – Unocoin, India’s most popular bitcoin company, has implemented its first-ever, easy-to-access Application Programming Interface (API) allowing companies from around the world to access the world’s largest potential market for Bitcoin and to take advantage of Unocoin’s extraordinary set of features. Unocoin’s API allows individuals and companies in India to generate bitcoin wallets; buy, sell, send and receive bitcoin; securely store bitcoin; retrieve real-time or historical price information; receive notifications when payments arrive; accept and request bitcoin payments for merchants; as well as allow companies around the world to remit bitcoin to India and to submit KYC details of beneficiaries.

Unocoin recently set a national record with a $1.5 million USD raise to support its unprecedented growth. The company now has more than 30 employees on staff servicing over 100,000 users. The Unocoin API has concluded rigorous testing and is already in active use by its largest customer: Unocoin itself. The company’s full-featured iOS app and soon-to-be-released Android app are both built entirely off of the Unocoin API. Moreover, the Unocoin API has become instrumental in the day-to-day functionality of businesses like Paycase, a Canadian remittance innovator making overseas transactions much faster and more cost efficient.

Unocoin co-founder and CEO, Sathvik Vishwanath said, “We’ve been excited to develop a robust API for use by companies around the world. Our API is best described as an on-ramp for firms looking for a simple way to gain entry into one of the world’s fastest growing and largest potential markets. Our team has been working non-stop prior to and during our Pre-Series A round to provide the most reliable, full-featured API, but one that, most importantly, is incredibly easy to adopt.”

Added Vishwanath, “Our API is the engine powering our mobile apps, through which customers will be able to store and spend bitcoin on the go, and also be able to buy bitcoin with just a click of a button.”

India is the remittance capital of the world, as well as the largest gold and IT market. While blockchain and bitcoin adoption climbs exponentially, businesses and individuals need the appropriate financial infrastructure to process secure transactions. The Unocoin API can plug right into any company, anywhere in the world, to assist them gaining access to the Indian bitcoin market and remittance industry, potentially worth an estimated $100 billion USD.

Blockstream, pioneers in cryptocurrencies and Bitcoin who developed sidechains to help users move digital assets from one blockchain to another, partnered with Unocoin to enable fast and low cost cross border transactions. Paycase, a mobile-first remittance application, is now using the Unocoin API and Blockstream’s Liquid network to carry out frictionless money transfers from Canada to India.

“India represents a massive growth opportunity for Bitcoin and Unocoin is on the cutting edge of Bitcoin and blockchain technology,” said Dr. Adam Back, CEO of Blockstream. “We’re excited to be working with Unocoin on Liquid and believe the company has the potential to bring Bitcoin to millions of new users based on their technology vision and business execution.”

Paycase’s protocol-agnostic transfer routing system has already been tested in nearly 20 countries around the world, using a sophisticated trading algorithm to route payments over a variety of cryptocurrency rails with far greater efficiency as compared to the traditional SWIFT network. During a 6-month beta, Paycase successfully completed $50,000 worth of micro-transactions from Canada to the Philippines, with costs averaging 60-80% lower than traditional remittance players.

Paycase Co-founder and CEO Joseph Weinberg said, “Our work with Unocoin shows both company’s long-term dedication to one another, in strategically partnering to take bitcoin and Blockchain powered remittances and cross border transfer to the mass market. We have worked together from Canada and India to establish the technical, regulatory, and business logic needed to enable Canadian dollar to Indian rupee money transfer with bitcoin efficiencies in place. With the API, experience, and infrastructure in place, we can now scale this model beyond our current corridors and into the promising Indian market.”

Unocoin’s Pre Series A round was led by Blume Ventures with participation from Digital Currency Group, Boost VC, Bank to the Future, Bitcoin Capital, FundersClub, and Indian investors Mumbai Angels and ah! Ventures. Unocoin’s recently released features include a merchant point-of-sale (POS) app, a mobile trading app, an auto-selling feature for remittance users, systematic investment planning (SIP) to mitigate against volatility risk, integration with NETKI to simplify Bitcoin addresses, an over the counter (OTC) desk for large traders, and integration with Purse.io for discounts on Amazon.

About Unocoin:

Started in 2013, Unocoin is a Bangalore based technology startup and is India’s first entrant into the bitcoin industry. The company operates India’s largest BTC-INR trading platform which enables Indians to buy, sell, store, use and accept bitcoin. Every month, Unocoin processes transactions worth more than INR 200M for its 100,000+ customers. In just 3 years since inception, the company has drawn more than 30 top investors from 5 countries. Unocoin is responsible for industry leading innovations such as the Bitcoin Systematic Investment Plan (SIP), Bitcoin Point of Sale (POS) App and Bitcoin Over-The-Counter trading (OTC). For more information, please visit unocoin.com. For investor, partnership and media related inquiries, please connect with Sunny Ray, Co-founder & President, at [email protected]

Unocoin services are back to normal

Posted at 6:14 pm on November 3, 2016 under Service

Dear Customer,

Today afternoon, we sent you an email regarding a service interruption due to DNS resolution issues. It just has been a mere service interruption and there has not been any data or funds compromise. If you were expecting any BTC deposits to you account which is not credited to your Unocoin wallet, it will be happening by Friday afternoon. Now the accounts are accessible and the services are fully restored. Thanks for your patience.

Thank you