Indian Mobile Bitcoin Exchange Zebpay Reaches 100,000 App Downloads

A year after the launch of Zebpay, a mobile bitcoin exchange, the app has been downloaded over 100,000 times from both Android and iOS app stores. This milestone for the firm reflects the growing interest of Indians in Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term as an investment, commodity and technology.

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Zebpay now claims to be India’s biggest bitcoin exchange. It was started in 2015 by Indian Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term pioneer Mahin Gupta and two Indian businessman, Saurabh Agrawal and Sandeep Goenka, with the mission to provide a simple and reliable experience for regular people in the giant Asian country to buy and sell bitcoins.

“100,000 downloads is a big milestone for us. We are currently adding 20,000 users every month and we are confident about meeting the target of touching 350,000 downloads by the end of 2016! We are on a mission to spread bitcoins in India. We believe it has a potential to bring technological disruption in financial infrastructure,” said Mahin Gupta, co-founder and CTO, Zebpay.

Zebpay is a bitcoin app available on Android and iPhones. Users can buy and sell bitcoins, recharge their mobile phone airtime across India and buy vouchers of Amazon, Flipkart etc. The app was publicly released in July 2015.