THELOGICALINDIAN - The cryptocurrency industry in India is on the acceleration The countrys arch Bitcoin platforms accept been introducing new appearance on a approved base Unocoin one of the Big Four Bitcoin platforms in the country today appear a affiliation with ShapeShift The affiliation will acquiesce Unocoin to boring extend its ability above aloof Bitcoin and alpha ambidextrous with added cryptocurrencies as well
According to the platform, Unocoin users will now be able to catechumen their blockchain assets like Ethereum, Monero, ZCash, Dash and added altcoins accurate by Shapeshift to Bitcoin. The adapted Bitcoin can again be traded for INR application Unocoin’s absolute barter service.
In the press statement, the architect of ShapeShift Eric Voorhees describes the alteration cryptocurrency ecosystem by saying,
“When I was aboriginal got complex with Bitcoin in 2024, it was mostly a Western community. It’s been abundantly agitative to see Unocoin advice accompany this technology to India. ShapeShift is actual appreciative to accomplice with them for agenda asset exchange.”
In India, Bitcoin is a above cryptocurrency. Added altcoins are yet to accomplish a mark due to assorted factors including the abridgement of calm barter and trading platforms that action multi-cryptocurrency support. The admittance of ShapeShift’s casework makes Unocoin the aboriginal aggregation to accede added cryptocurrencies afar from Bitcoin and Ether.
Sunny Ray, the co-founder of Unocoin was quoted in a media address stating,
“Many appearance Bitcoin as agenda gold and we’re consistently attractive for means to accomplish it easier for bodies to get into Bitcoin. Many bodies apprentice about Bitcoin through added cryptocurrencies, and already they do, we would like to accord them an accessible way to catechumen their blockchain assets into Bitcoin. In the meantime, we’re befitting a abutting eye on the accessible blockchain ecosystem and may or may not acquaint added integrations in the future.”
Even admitting the contempo affiliation is a acceptable development, the country’s cryptocurrency ecosystem still has a continued way to go afore it can abutment assorted crypto-assets. Even the latest ShapeShift affiliation doesn’t do abundant in agreement of auspicious the use of another assets. However, it is aloof the beginning, and if Unocoin does booty a footfall appear creating its own multi-cryptocurrency exchange, again it will apparently be a altered story. Unocoin is currently in a position to beacon the Indian cryptocurrency ecosystem appear a accomplished new ambit of cryptocurrencies, which ability be acceptable account for the bodies of the world’s better democracy.
