Bitcoin and blockchain company Unocoin has partnered with PayUBiz, a payment gateway, to facilitate the buying of bitcoins through net banking.
“With an increasing interest in Bitcoin, this integration will enable Unocoin customer to buy Bitcoin even on a weekend while the manual payment processing is not functional,” says Sathvik Vishwananth, CEO, Unocoin.
To buy bitcoins using net banking, Unocoin users will have to select the “Buy Bitcoin” tab and choose ‘Netbanking’ as the mode of payment along with the required details and confirm the order.
On successfully completing the transaction, the user is credited with their Bitcoin immediately into their Unocoin Wallet. The PayUBiz payment gateway would facilitate the transaction with PCI
DSS compliance, ensuring complete security of the transactions.
Unocoin recently launched its mobile app which is a full-featured mobile bitcoin app. The app offers 24/7 access to real-time bitcoin market prices and instantaneous trading transactions.
Set up in 2013 in Bengaluru, Unocoin is the first Indian company in the bitcoin space. The company said that it processes transactions worth over Rs 250mn every month and has a user base of 210,000 customers.