Important: There is a change in our bank account info. Please read this post for more info.

Launching Merchant PoS Mobile app to accept bitcoin

Posted at 2:46 pm on April 23, 2016 under Development

As Bitcoin takes a stand in India, the Unocoin team – India’s leading Bitcoin company – is about to make it easier for physical stores in India to accept bitcoin for products and services.

Over the past year, our web traffic has increased by more than 500%. We added more than 6,000 users just last month alone and our volume is skyrocketing. While the company’s vision is to bring bitcoin to billions, it is now aiming to make physical stores and merchants in India easier to accept bitcoin. This is presently unmarked territory in India. With our new mobile app that is both available on Play store for Android and Appstore for iOS, it’s all about to change.

Unocoin announces an epic launch of the mobile merchant application – called the “Unocoin PoS“, where PoS stands for Point of Sale. Early users are already calling it the world’s simplest Bitcoin PoS app and it is going to make payments much easier and smarter.

merchant-app

So what does it take for the merchant to start accepting bitcoin?

Step 1: The Indian merchant needs to sign up with Unocoin and get their account verified. Once complete, simply install the Unocoin PoS mobile app and scan the QR code on our website to pair the mobile app to the merchant account. Now they are ready to accept bitcoin from their customers and may begin calling himself/herself a smart merchant who now accepts Bitcoin. Scan the QR code below from your iOS or Android based mobile phone or tablet to get started with Unocoin PoS app installation.

merchant_app_qr_small

Step 2: When a customer is willing to pay the invoice in bitcoin, the merchant simply opens the Unocoin PoS app, keys in the invoice amount and generates a QR code to accept bitcoin payment from the customer. The merchant may accept bitcoin directly into their app or share the payment instructions over email (or social media) to get paid if the customer is not physically present in the same location. The merchant will have an option to either keep the payment in bitcoin or to have it converted into INR and have the money sent to their bank account in the same business day. This enables cheaper, faster and reliable payments through a product that is designed for both merchants and users in mind. This truly is the new way to pay or get paid.

 

” Now you may spend your bitcoin on products and services at all of your favourite stores “

 

– Team Unocoin

Retiring of old bitcoin address for your Unocoin wallet

Posted at 1:16 pm on April 20, 2016 under Development

Thank you for being a long time customer for Unocoin and congrats on being an early adopter of bitcoin.

About 9 months ago on 6th August 2015, we had sent a message to you that we are generating a secured bitcoin address for your Unocoin wallet and we had advised you to avoid using the old bitcoin addresses for your Unocoin wallet that was starting with “1”. Now moving forward, we will be retiring those old addresses as per the advice from our then third party provider blockchain.info anytime after 15th of May 2016. They have also advised that if there are any payment to these addresses beyond this point, they will be sent back to the bitcoin address which sent those bitcoin.

Hence we are advising you to please stop using the old bitcoin address for your Unocoin immediately if you are still using them and advice/update the references which would still send bitcoin to your old address to have them send the bitcoin to your new bitcoin wallet address that starts from “3”.

We are delighted to have you as a customer for Unocoin and we will look forward to serving you with our best possible efforts.

– Team Unocoin

Netki – A personalized memorable wallet name for your bitcoin address

Posted at 7:46 pm on April 7, 2016 under Development

A common criticism of cryptocurrency is that wallet addresses are long strings of random numbers and letters, which make crypto inconvenient for the average person. Although this problem has been somewhat circumvented through the use of QR codes, Netki’s Wallet Name Service could make the process simpler by only requiring that people memorize a name linked to their public addresses.

Netki the address consisting of numbers and digits to a human readable address like the change from numeric IP addresses to domain names.

The transition from numeric IP addresses such as 96.251.19.29 to easy to remember domain names like www.google.com, was a key shift that helped move the Internet toward mainstream adoption. Building on this principle, Netki’s service works by linking users’ 32-character wallet addresses to shortened, easy-to-remember Wallet Names — translating a simple name such as raghav.unocoin.me into a wallet address like 3CpLXM15vjULK3ZPGUTDMUcGATGR9xGitv, using a combination of Domain Name Servers (DNS) and decentralized Blockchain technology.

WHY NETKI.,

PRIVACY: Provides a layer of identity separation from public blockchain data.

SECURITY: Multiple validations ensure you stay in control of your data.

WITH NETKI.,

No more cumbersome and confusing wallet addresses

A Wallet Name is easy to remember, easy to share, and easy to use

Humans know each other by name not by computer code

HOW TO GET IT ON UNCOIN AND HOW TO USE IT:

how to activate and use netki-youtube

CREATE: Once you login to your Unocoin account, you can visit the Account settings page and click on “Enable Netki” button and claim a wallet name of your wish. A new bitcoin address will get generated and will be associated with this Netki wallet name.

VERIFY: Once you create a Netki wallet name, wait for at least 1 hour and visit https://netki.com/#/wallet_lookup to verify your Netki wallet name.

SHARE: Once your Netki wallet name is verified, you can Share it with your friends and they will be able to send you bitcoin from Unocoin or another Netki enabled service providers, like Coinbase just by using your Netki wallet name. Now your cypto life is simpler !

Unocoin – Change of bank account info

Posted at 12:00 pm on April 6, 2016 under News

Dear Customers,

This is to inform you that the Unocoin business has been transferred from CoinMonk Ventures Pvt Ltd to Unocoin Technologies Pvt Ltd, where the latter is a fully owned subsidiary of a holding company in Singapore named Unocoin Technologies Pte Ltd.

Moving forward, Unocoin business will be operating under Unocoin Technologies Private Limited starting from 12AM on 7th of April 2016. From then, all the invoices when you buy bitcoin and acknowledgements when you sell bitcoin will be from Unocoin Technologies Private Limited.

For you as the customer, there are no implications and the business will proceed as usual. However, please make a note of the change in the bank account to which you should be sending INR to get the credit on your INR Balance on Unocoin.com from 7th of April onwards. Please make it a point to add this bank account info as a beneficiary in your online banking portal.

Account Name: Unocoin Technologies Private Limited

Account Number: 064174292872

Account Type: Current account

IFSC code: SBMY0040557

Bank name: State Bank of Mysore

Branch name: SSI – Tumkur (40557)

In case of any concern, please revert to [email protected].

Unocoin – Closing of books on 31st March 2016

Posted at 8:32 am on March 31, 2016 under Service

As we at Unocoin need to close our books for the year ending on 31st of March 2016, please be advised that the trading activity (both buying and selling) and INR deposit processing will be suspended between 5PM on 31st of March to 8AM on 2nd of April 2016. Any unused INR deposits will be cleared and they will be returned to your bank account. Hence, it is advised to plan your trading activities accordingly. Inconvenience is highly regretted.