Indian Mobile Bitcoin Exchange Zebpay Reaches Half a Million App Downloads

Zebpay, an Indian app-based Bitcoin exchange, today announced that it has achieved half a million downloads on the Android Play Store. This milestone for the firm reaffirms the strong 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 was publicly released in July 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. Now, less than two years after and with over 500,000 downloads, Zebpay has become India’s largest Bitcoin exchange app and is still adding more than 2500 users every day.

Commenting on this milestone, Sandeep Goenka, co-founder and Chief Operating Officer of Zebpay, said: “India is at the cusp of new financial revolution as India customers are opening up to non-traditional investments measures. While this is steady and a promising start, we expect the Bitcoin trend to roar further. We aim to achieve 1 million downloads by the end of September 2017.”

The Zebpay app is available on Android and iPhone. Users can buy and sell bitcoins, recharge their mobile phone airtime across India and buy vouchers.

The company has a stated vision of bringing revolutionary new solutions to the rapidly developing Indian financial ecosystem. The company says that its aim is to take this emerging technology to the masses in the giant Asian economy. For this purpose Zebpay has raised $1 million in seed funding in January 2016.