THELOGICALINDIAN - Unocoin one of Indias arch Bitcoin companies has aloof apparent its aboriginal Application Programming Interface API absolution The aggregation is providingthe API to advice abbey the cryptocurrency bazaar aural India
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Unocoin Releases Application Programming Interface for Startups and Entrepreneurs
Unocoin has been accretion its operations afterward a $1.5 million funding annular — an Indian civic record. The aggregation said it released its API so companies can booty advantage of its casework set. Unocoin’s API provides the adeptness for individuals to actualize bitcoin wallets, buy and sell, retrieve real-time or actual amount information, and more.
The aggregation says it is experiencing “unprecedented growth”, hiring added than thirty advisers and application over 100,000 customers. It has anxiously activated the API amid its Indian clientele. Furthermore, the API has been an basic asset to businesses such as Paycase, a Canadian remittance service. Unocoin co-founder and CEO, Sathvik Vishwanath declared during the announcement:
“We’ve been aflame to advance a able-bodied API for use by companies about the world. Our API is best declared as an on-ramp for firms attractive for a simple way to accretion access into one of the world’s fastest growing and better abeyant markets,” Vishwanath added. “Our aggregation has been alive ceaseless above-mentioned to and during our Pre-Series A annular to accommodate the best reliable, full-featured API, but one that, best importantly, is abundantly accessible to adopt.”
Unocoin’s API Enables Efficient and Low-Cost Transactions from Canada to India
Unocoin said the custom API can bung into any company’s software worldwide. This allows users to tap anon into the Indian Bitcoin market and remittance industry, which is estimated to be account $100 billion USD. India is advised the apple basic of remittance, with a decidedly ample gold and IT economy. In adjustment to abetment Unocoin’s fast and bargain cross-border transactions, the close is alive with Blockstream’s Liquid network. Paycase is currently utilizing the arrangement and Unocoin API to accredit quicker affairs from Canada to India.
Paycase says users accept experimented with its “protocol-agnostic alteration acquisition system” beyond twenty countries worldwide. It says that the agreement is decidedly added able than the acceptable SWIFT network. According to Paycase, over the advance of six months in beta, the belvedere completed $50,000 account of micro-transactions from Canada to the Philippines. The boilerplate amount was 60-80% lower than bounden remittance businesses.
“Our assignment with Unocoin shows both company’s abiding adherence to one another, in strategically partnering to booty bitcoin and Blockchain powered remittances and cross-border alteration to the accumulation market,” said Paycase Co-founder and CEO Joseph Weinberg. “We accept formed calm from Canada and India to authorize the technical, regulatory, and business argumentation bare to accredit Canadian dollar to Indian rupee money alteration with bitcoin efficiencies in place. With the API, experience, and basement in place, we can now calibration this archetypal above our accepted corridors and into the able Indian market.”
Non-Stop Commitment Towards Growth and Expansion
Since Unocoin’s Pre-Series A annular led by Blume Ventures, the Digital Currency Group, Boost VC, BankToTheFuture and abounding others, the startup aims to advance further. The close afresh appear its iOS appliance and an Android adaptation is on the way. Additionally, the aggregation launched a merchant point-of-sale (POS) platform and has additionally fabricated solid partnerships with NETKI, Blockstream, and Purse.io.
Bitcoin advance in India has been absolutely vast, according to the Hindustantimes. Other operations such as Zebpay and Coinsecure are additionally authoritative advance in the region. Unocoin hopes its latest API absolution helps companies and developers common to tap this abundant Indian Bitcoin economy.
What do you anticipate about Unocoin absolution its API and its goals appear expansion? Let us apperceive in the comments below.
Images via Shutterstock, and Unocoin websites.
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