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  Blockchain enters India

  Blockchain, the company behind bitcoin wallet, has teamed with Indian bitcoin exchange Unocoin. Blockchain wallet users in India will now be able to link their bank account directly with their wallet when buying bitcoins from Unocoin.While in India, Unocoin processes transactions worth more than ?600 million every month for its over four lakh customers, Blockchain’s global platform has upwards of 16.5 million users.

Blockchain co-founder Nicolas Cary said that 2,500 Indians are investing in bitcoins daily, figures that his company’s partnership with Unocoin could help support.

“India is our 35th market and after (India’s) de-monetization, there has been an unprecedented surge in people using bitcoins and other cryptocurrencies,” said Cary.

“Millions of Indians have embraced digital assets as a reliable way to save and transfer money,” said Blockchain. “Together with Unocoin, we are committed to making digital currency simple and more accessible throughout India.

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