On June 27 the leading Bitcoin exchange in India, Coinsecure has announced a partnership with the payment processor BitPay. The Indian exchange says the new feature service will be built upon the BitPay API enabling users to settle out payments with the national currency, the rupee.
Coinsecure founded in June of 2013 by Mohit Kalra, Benson Samuel is celebrating its anniversary by collaborating with the Bitcoin-based payment processor BitPay. Now Indian merchants can offer new ways to accept online payments around the world using the service. BitPay and Coinsecure say merchants can be worry free of volatility as settlements will be handled in the rupee making accepting Bitcoin easier for any business. Coinsecure’s CEO Mohit Kalra explains:
“Bitcoin gives businesses a powerful way to reach customers online and around the world. With our new merchant services and our wallet service, we want to make bitcoin one of India’s favorite payment methods.”
Coinsecure has already been on a mission to provide India with quality Bitcoin services and recently acquired a venture capital injection of $1.2 million. The company is one of the leading exchanges within the Indian region offering “automated bitcoin trading along with online and paper wallet options for holding and transferring Bitcoin.” The partnership with BitPay will allow merchants in the area a better method of accepting cryptocurrency by offering Indian businesses a new way to earn. Coinsecure says Bitcoin give companies a more broad array of choice as many areas within Asia are without widespread credit card access. BitPay’s Chief Commercial Officer Sonny Singh stated in the announcement:
“We’re seeing a lot of interest and transaction activity from bitcoin users as well as merchants in India and southern Asia. We’re confident that Coinsecure will be our best partner for accelerating that growth on the ground.”
The Indian based exchange Coinsecure says excitement for the new merchant services has already begun with well-known businesses signing up. “It is interesting to note the variety of ventures who’ve come onboard,” said Mohit Kalra, CEO of Coinsecure. “Coinsecure has signed on a consulting firm – First Principal Ventures.” Alongside this, the company has seen registrants such as the Lazy Eight Design firm, and other businesses such as a furniture shop. Coinsecure says they look forward to progressing Bitcoin within Indian borders and the global level as well and believes its latest collaboration will help the company do so.
Source: Coinsecure, BitPay