Bangalore-based Unocoin has launched a mobile app, for both iOS and Android devices, that gives customers 24/7 access to real-time Bitcoin market prices and instantaneous trading. Abhinand Kaseti, co-founder and CMO of Unocoin, says: “There are more than 1 billion Indians who use mobile phones. More than 300 million use their phones regularly for accessing the internet. This trend is expected to go up by 56% per year.”
The app pairs BTC/INR. Its dashboard displays the user’s BTC wallet, with the option to send and request Bitcoin, and INR wallet, with the option to add and withdraw Indian Rupees. The dashboard also features a 24-hour price graph among other features. Kaseti cites the Indian government’s recent decision to demonetise Rs.500 and Rs.1,000 notes as another factor driving Bitcoin adoption in India.