AHMEDABAD:City-based bitcoin wallet startup Zebpay has crossed Rs 100-crore turnover in usually 10 months of a operation on a behind of augmenting recognition of a practical banking in a country.
Launched in Jul final year, Zebpay crossed Rs 100-crore turnover on Apr 15, according to Saurabh Agrawal, cofounder of a startup. Apart from this, Zebpay has also finished sale of airtime and ecommerce vouchers of Rs 1crore.
Those regulating bitcoins in a nation embody high net-worth people (HNIs) and freelancers, besides tech-savvy people. “While HNIs are shopping bitcoin as investment, freelancers are some-more into regulating it as remittance and trading,” pronounced Sandeep Goenka, cofounder of Zebpay. According to him, some buyers use bitcoin to sidestep opposite banking devaluation, while some others frequently buy and sell bitcoins as a trade activity.
Freelancers have started usurpation bitcoins as remuneration from their abroad customers. “By receiving payments in bitcoin, they save a high price of 5-15% charged by remittance companies,” Goenka said. These users sell bitcoins they accept on Zebpay to modify them into Indian rupee, he added.
To safeguard usually legitimate users use a app, Zebpay has done it imperative for all users to