Bitcoin exchange and wallet services provider Unocoin has officially launched their mobile application for iOS in the App Store so that they can reach more people who want to transact bitcoin in India.
“Going mobile” is no longer a secondary thought. Most companies have to go mobile in order to reach more people. By the end of the 2015 year, nearly 1.5 billion smartphones were sold around the world, primary being Apple iPhone and Android powered devices. Just this week, Google unveiled a new initiative to train two million mobile app developers in India.
India is booming with bitcoin adoption. So it’s a no brainer that Unocoin has gone mobile, by launching a mobile wallet accessible to millions of users in India.
The iOS app allows Indian Unocoin users to manage their bitcoin wallet, send and receive bitcoin, buy and sell bitcoin for INR through their INR wallet, top-up mobile phone and DTH, enable systematic investment plan provided by Unocoin, browse through agent and merchant transaction history, view his inbox messages, browse offers and skim through news and offers.
India has been flourishing lately in the fintech scene. In a study released by management consulting firm Zinnov that was based on the fintech startup landscape in India, they found an exponential rise in the number of fintech startups over the last three years with a total investment in the sector crossing over $1.3 billion USD.
Another bitcoin exchange based in India, Coinsecure, recently partnered with BitPay to help bring bitcoin to Indian merchants. Bitcoin startup Zebpay, also based in India, says that in the past ten months they have processed over $15 million in transactions.
Unocoin itself has been growing at a fast pace too. In May, Unocoin partnered with MobiKwik to help bitcoin adoption in India, and before that launched a point-of-sale mobile app for Indian merchants. The startup has said that it now has more than 80,000 registered users.