Bangalore-based Unocoin, which is India’s main Bitcoin company, has launched a new mobile app for both iOS and Android devices. Unocoin’s app will allow consumers to buy, sell, send, receive and store bitcoin all in one place, from any remote device, said a statement.
What is bitcoin?
” Bitcoin is a digital currency and payment network which uses open-source and peer-to-peer technology to operate with no central authority or banks.”
Management of the transactions and the issuing of bitcoin is carried out collectively by the network. The design is public and open-source, meaning everyone can take part. Due to its many unique properties, Bitcoin allows exciting uses that could not be achieved by any previous payment system.
It makes Unocoin the first company to offer a full featured mobile Bitcoin app in India, which is seeing a surge in interest in cryptocurrency, in particular of late with the government’s decision to demonetize 500 and 1,000 rupee notes. Places like Mumbai and Bangalore are now seasoned technology hubs, and Unocoin knows the mobile market could potentially run to over a billion users.
READ ALSO : GET FREE BITCOIN WORTH INR 100 FROM ZEBPAY
Kaseti said: “We built this app from the ground up, using our very own public API, to ensure security and ease of use. It is secure with TouchID for iOS devices and password access for Android devices, and boasts a one touch button for buying and selling bitcoin, complete with inbuilt conversion.
“The dashboard displays the users BTC wallet, with the option to send and request bitcoin, and the INR wallet, with the option to add and withdraw Indian rupees. The dashboard also features a 24 hour price graph, address books, messaging capability and transaction progress and confirmations.”
The Unocoin wallet app requires iOS 7.0 or later for iPhone, iPad and iTouch users, and Jelly Bean or later for Android users.