Another Bitcoin marketplace has set its eyes on the Indian market, which is fast witnessing a major boom in the Bitcoin industry. Texas-based Bitcoin platform Harborly has hired a Bangalore team to offer its services in India. The company will focus on presenting its Bitcoin retail services to the young consumer base of India.
Harborly’s CEO Connor Black said, “We see tremendous potential for Bitcoin and its applications in India and entering the Indian market has been one of our primary business objectives. We anticipate launching our retail service in India in the coming months and believe that our proprietary sourcing and trading technologies will enable us to buy and sell Bitcoin at extremely competitive rates when compared to existing solutions.”
The Harborly India team has been tasked with spearheading the business development operations and educating the Indian market about the potential benefits of Bitcoin through educational initiatives. The Bangalore team will work in close coordination with Harborly’s global team.
Apart from increasing Bitcoin adoption in India, Harborly will also aim to provide competitive Bitcoin trading, and Bitcoin applications to cater to the extremely vast yet nascent Indian market. Harborly’s Asia advisor Roderik van der Graaf observed that a large population with no access to banking facilities and the huge inflow of trade payments made India a prime market for Bitcoin-based solutions.
Harborly has been striving to offer Bitcoin applications in key strategic markets including Eastern Europe, South America, and the United States. Founded in 2014, the platform focuses on the widespread adoption of the digital currency and utilizes industry-leading technology to offer competitive and affordable Bitcoin-based solutions.
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