During today’s IMTC Asia Conference in Delhi, Indian trading platform Coinsecure’s co-founder and CTO, Benson Samuel, and OKLink’s Chief Strategy Officer, Jack C. Liu, announced a new partnership to bring remittances over blockchain to India.
“We at Coinsecure not only recognize Bitcoin as the most important application of blockchain but also its potential role in alleviating global transaction woes and expedite remittance. Coinsecure is thrilled to partner with OKLink to provide faster and cheaper services to the Indian population,” said Benson Samuel.
OKLink is a recent spinoff from the Beijing-headquartered Bitcoin exchange OKCoin. It develops a lockchain money transfer network that is growing rapidly, currently offers payouts in five countries at over 100,000 locations and is expected to cover sixty countries by year end. OKLink raised $10 million in venture capital funds and is composed of a team of veterans from Alibaba, Tencent, Baidu, Visa, Yahoo, IBM, Barclays, cfX, Federal Reserve Bank, FDIC and PwC.
Coinsecure co-founder and CEO Mohit Kalra stated: “Remittance will work over the network created by OKCoin called OKLink. It will enable Indian citizens to send or receive funds either