Launch of Zebpay in India
On one hand, the recent budget indicated a push to encourage cashless money transactions in India. On the other hand, most people in India are still scared of using even credit cards online. That is the reason all e-commerce website need to offer Cash On Delivery service to find popularity in India. At such a time, purely digital currency like Bitcoins are sure going to have a hard time to convince users to try them out.
Bitcoin is said to be world’s most widely used alternative currency with a total market cap of approximately USD 3 billion. This shows that there are plenty of people even now who are using bitcoins. And those in India who do know what bitcoins are and how one can benefit from using them would surely like to have more convenient way to use them. For such people, Zebpay has launched a mobile wallet app that makes it as easy to buy, store, send and receive bitcoins as it is to send messages. The app removes the necessity of having to remember complex bitcoin address and one can just select a contact from the contact list and choose to send and receive money.
Talking about the launch of Zebpay, Saurabh Agrawal, JT-CEO, Zebpay said, “Ever since one of our founding partner Mahin, paused the trading of bitcoin through buysellbitcoin.in , he was planning to launch it in a bigger and better way. Considering the penetration of smart phones and mobile commerce, we visualized that an application for the bitcoin currency would be the ideal future of money and thereafter Zebpay was born. We realized the potential that Bitcoin technology had, to bring financial freedom to billions of people in the world. With this vision, we are proud to announce the launch of Zebpay app in India.”
Zebpay app is as yet available only for Android devices. But the app for iOS devices is about to arrive soon too. At present, Zebpay is registered at Singapore as a PTE LTD. They have a development office in India and are planning on opening a wholly owned subsidiary in India soon.
Bitcoins are called by some as the future of currency. But they have also come under question and inquiries and are considered susceptible to cyber security risks. The Reserve Bank of India too had earlier issued warning against dealing in bitcoins and other such virtual currencies.
But the way things are moving ahead, the use of virtual currencies will surely increase. Already, about 60,000 merchants are accepting bitcoins. There are even about 320 ATMs available from where people can convert their bitcoins into cash. Very soon, merchants in India might start accepting bitcoins too. As per Zebpay, they are already in talks with 15 Indian merchants who are willing to accept bitcoins. Their names might be announced soon.
It would be interesting to see how bitcoins and other virtual currencies progress in India. But if you’d like to know more about Bitcoin and to try Zebpay which makes their use easy, here are the relevant links: