Unocoin joins hands with PayUBiz to simplify buying Bitcoins via Net Banking

Posted at 11:55 am on April 25, 2017 under Service

Bangalore, India – April 25, 2017: Unocoin, India’s leading Bitcoin and Blockchain Company, takes a step closer towards a frictionless experience in buying Bitcoin for Indians. Unocoin has partnered with PayU Biz, a leading payment gateway, to facilitate Unocoin users in buying Bitcoin using the net banking feature. Set to simplify the entire process of buying Bitcoin, the feature is live on Unocoin.

“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 and Co-Founder, Unocoin.

To buy Bitcoin using Net Banking, Unocoin users will have to head onto “Buy Bitcoin” tab and choose ‘Netbanking’ as the mode of payment along with the required details and confirm the order. On successfully completing the transaction, the user is credited with their Bitcoin immediately into their Unocoin Wallet. The entire transaction is facilitated by the PayUBiz payment gateway, India’s leading payment gateway with PCI-DSS compliance, ensuring complete security of the transactions.

Unocoin had recently launched its mobile app on iOS and Android, which is 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 and had conducted “Cryptothon” – a 24 hour Bitcoin – Blockchain Hackathon.

The innovative hackathon also centered around Micro payments, Merchant Services, Smart Investments, Augmented reality and Hyperledger

17880240_1364556513610631_6048104220928029208_o 17861603_10212759574563080_6779440268338235427_n

Bangalore, April 13, 2017: Unocoin – India’s leading Bitcoin & Blockchain Company hosted “Cryptothon”- A Bitcoin – Blockchain hackathon on April 8th – 9th at 91Springboard, Koramangala. The Hackathon was organised with an aim to provide a platform for developers to tinker around the Bitcoin – Blockchain space and build products that would create a value addition to the present system.

Cryptothon witnessed participation from 120 developers from different walks of life, from school goers to highly experienced professionals. The team spent 24 hours building solutions using Bitcoin – Blockchain involving complex areas like Micropayments, Merchant Services, Smart Investments, Augmented reality and Hyperledger. As Sathvik Vishwanath, CEO and Co-Founder, Unocoin puts it in his own words “Something remarkable is going to come out of this room,” the event was electrifying with energy.

With an aim to build a product that would set them apart from the rest, each team put in their tireless work which continued throughout the night. The Jury selected 11 teams out of 32 teams to present their hack and give a live demo. The Jury comprised of Mr. Jayavardhan, Head of Emerging Trends & Technologies in Innovation Department of Societe Generale, Mr. Mani Madhukar, Architect and Developer Advocate at IBM and Mr. Sathvik Vishwananth, CEO and Co-Founder, Unocoin.

The winning team and their challenges included:

  1. Gizmo_geeks (Winner)

Hack: BitGo – Gamification platform for Bitcoins using Augmented Reality. Players can find Bitcoins pretty much anywhere such as the street, local landmarks, malls, college campus, and working places. BitGo makes revenue using Advertisement and In-App purchases. The hack was further linked to the UNOCOIN android and iOS app which has more than 500 merchants.

  1. Dmaniax (1st Runner Up)

Hack: Hyperbit – A Bitcoin and Hyperledger amalgam, which is a decentralised system for pay-rolling and job allotment.

  1. TeamIron (2nd Runner Up)

Hack: Uniform Payment Gateway for Bitcoin – A chrome extension that lets you shop “ANYWHERE” with your Unocoin Wallet

The Jury had selected 11 teams for the final presentation out of the 33 teams.

Cryptothon – Reimagine the future of Bitcoin in India

Posted at 12:00 am on April 8, 2017 under News

C8kTxAUWAAA9pMm

As India transitions from a cash economy to a cashless one, digital currency will be at the forefront! The most famous form of digital currency is bitcoin. It promises to be the currency of the future.To expose people to the power of bitcoin and the underlying technology, Unocoin is conducting India’s first ever Bitcoin only hackathon. The theme of this hackathon is to “Reimagine the future of Bitcoin in India”.

At the hackathon, work on this exciting new technology, and facilitate the transition to a cashless economy by leveraging the power of Bitcoin!

This hack is open for all Developers.

Prizes
First Prize Rs. 50,000 worth bitcoin
Second Prize Rs. 30,000 worth bitcoin
Third Prize Rs. 20,000 worth bitcoin

Venue
91springboard, Koramangala, Bangalore

Start
08 Apr 2017 – 10:00 am
End
09 Apr 2017 – 10:00 am

Application
Please visit http://www.venturesity.com/challenge/id/403 to apply

Bitcoin is not illegal in India

Posted at 10:24 pm on March 30, 2017 under News

mid

 

 

Recent media propositions have brought serious concerns to the users about change in the legal stance of Indian government towards the disruptive technology of Bitcoin.

There is a misbelief spreading among the community that Bitcoin has been regarded as illegal by the government and it is not true.

This is to clarify the people that Bitcoin is not illegal as per the provisions of Indian law and it is completely legal business to trade Bitcoin in India.

Very recently, a statement made by a respectable Minister of Parliament portraying Bitcoin as a Ponzi scheme started these media propositions. There are various MLM companies operating scams using Bitcoin and his statement is a possible indication of that and does not reflect the business of trading Bitcoins. His statement in no way can be considered as the government’s stance on this matter.

While it is to be noted that disruptive technologies are always hard to be adopted easily and demand such hard opinions in the stages of early adoption. It would be an unwise decision to undermine the potential of these technologies without proper research and analysis. Fortunately, the apex financial institutes in the country such as RBI and SEBI are adopting a ‘Wait and watch’ mode to come up with comprehensive guidelines along with regulations to impose upon the industry soon.

Unocoin Enables Users to Convert Blockchain Assets into Bitcoin

Posted at 3:56 pm on March 15, 2017 under Development

Powered by Shapeshift

shapeshift

March 15, 2017 – Bangalore: Unocoin, India’s leading bitcoin company, now allows users to convert blockchain assets into bitcoin. To make this happen, they partnered with Shapeshift, the safest, fastest asset exchange on earth. This partnership, which uses Shapeshift’s API, will enable Unocoin users to convert popular blockchain assets such as Ethereum, Monero, Zcash and Dash directly into Bitcoin and then if desired, into INR.

Prominent bitcoin evangelist and ShapeShift founder, Erik Voorhees shared, “when I first got involved with Bitcoin in 2011, it was mostly a Western community. It’s been tremendously exciting to see UnoCoin help bring this technology into India. ShapeShift is very proud to partner with them for digital asset exchange.”

There’s an emerging range of blockchain based digital assets that serve different purposes; i.e. enabling smart contracts, enhancing financial privacy, etc. What is common among all of these blockchain assets is that they all run on open mining algorithms. In India, there has been very little interest in alternative blockchain assets due to it being difficult to convert digital assets into bitcoin and INR. Unocoin is taking the the first step towards solving this problem.

“Many view bitcoin as digital gold and we’re always looking for ways to make it easier for people to get into bitcoin. Many people learn about bitcoin through other crypto currencies and once they do, we’d like to give them an easy way to convert their blockchain assets into bitcoin. In the meantime, we’re keeping a close eye on the open blockchain ecosystem and may or may not introduce deeper integrations in the future.” shares, Sunny Ray, Co-founder and President of Unocoin.

This integration now enables users to trigger immediate conversion of their altcoin holdings such as Ether, Monero or Zcash right into bitcoin directly from within the Unocoin platform. Converted bitcoin may then easily be withdrawn to the user’s bank account. By enabling users to convert popular crypto currencies into bitcoin and INR, this integration both supports the blockchain community and serves Unocoin’s mission: “Make Money Simple By Bringing Bitcoin to Billions”.

Harish B V, Co-Founder and COO of Unocoin, shared that “by being an industry leader, we wanted to provide a solution to the long standing challenge of being able to convert crypto-currencies into bitcoin in India. Unocoin’s Shapeshift integration will enable users to convert their altcoin into bitcoin and then sell it for INR. We expect this to be yet another popular offering.”

Demand for bitcoin is on the rise both globally and across India. Overall, this partnership will drive more interest into the blockchain ecosystem and help drive user adoption for the emerging cryptocurrency space within India. More and more people are becoming interested in bitcoin via blockchain assets and an integration like this will help drive greater bitcoin adoption in India.