Coinome – India’s 1st Cryptocurrency Exchange
Mumbai based payment gateway Billdesk has launched ‘Coinome’, India’s first crypto-currency exchange. Coinome operates a crypto-currency exchange and is the 1st crypto platform in India to allow users to be on-boarded simply and quickly via instant e-KYC. Headquartered in Mumbai, Coinome is incorporated under Hatio Innovations Pvt. Ltd, a wholly owned subsidiary of BillDesk.
How does Coinome Work ?
Users can start transacting in crypto-currencies almost immediately upon registering. The exchange supports instant deposits using payment gateway and instant withdrawals, thereby allowing transactions even on weekends or business holidays. The exchange plans to support 20 mainstream crypto-currencies by 2018.
“At Coinome, we are excited to bring crypto-currencies to the masses. India, with a limited number of exchanges supporting multiple crypto-currencies, offers immense opportunities. We would fundamentally like to provide Indian users with a secure and convenient means for buying or selling Bitcoins, and other crypto-currencies. In the next one year, our target is to support up to 20 popular crypto-currencies and promoting the same within Indian masses as commercially viable alternatives for building their digital assets.” Vivek Steve Francis, the CEO of Coinome has said.
Right now the platform supports Bitcoin and Bitcoin Cash only, but the exchange plans to support 20 mainstream crypto-currencies by the 2018.
BillDesk is an Indian online payments company that conducts around 70% of India’s online billing transactions. It is handling over USD 50 billion consumer digital payments annually. It has been the leader in driving electronic payments and digital commerce in India over the last 17 years.
Headquarters : Mumbai
There have been rumors that the Indian government might ban Bitcoin and the interesting thing is the company behind Coinome, BillDesk is a participant under the Payments and Settlements Systems Act, 2007 that is regulated and supervised by the Reserve Bank of India.