UnoCoin get more funding to a Bitcoin startup in India to date


No wonder the Bitcoin startup seek (and find) financing from other companies. Until now many of them, as Zcash , have managed to grow that way. In such a large country like India, the second most populous in the world, this could not be an exception.

Recently we learned that UnoCoin joined Purse to provide discounts on Amazon through the use of  bitcoin . And it is precisely this Indian startup which has now achieved a financing $ 1.5 billion, the highest ever recorded for a firm of its kind in the country.

In this territory the Bitcoin has become a flourishing promise that has already is giving real benefits to many people. Thanks to ZebPay, many citizens may already pay for basic services with virtual currency , but this is just the beginning. Large companies like Wipro, Infosys Ltd., Tata Consultancy Services (TCS) and Mphasis are directing their efforts and capital to the blockchain technology, and even its Central Bank has invited private banks to take part of this technology.

UnoCoin, meanwhile, is the creator of a purse bitcoins especially aimed at the citizens of this Asian country, besides offering services buying and selling bitcoins through domestic bank accounts. It located in Bangalore since late 2013, is defined as the company ‘s most popular Bitcoin India. Something that ‘s probably right, given the strong support just received.

The funding came from major Indian companies like venture capitalist Blume Ventures and Mumbai Angels and investors ah! Ventures , but also recognized US firms related to blockchain and innovation as Digital Currency Group, Boost VC Bank to the Future and FundersClub.

This is a huge leap over its first round of funding , where the amount raised was $ 200,000. Undoubtedly, India is positioning itself as a major market for Bitcoin ., But by the moments just taking its first steps In a recent interview , the president of UnoCoin Sunny Ray comments:

We needed a separate exchange house for India. A few years ago, when we wanted to buy bitcoin, there was nothing available in the country. So if you wanted to buy bitcoins in an international exchange, you should make a bank transfer from India to these international exchanges and get your bitcoins, and often it takes three to five days.

In the same way, entrepreneurs from different countries have been given the task of expanding the bitcoin and criptomonedas. For example, we Caricoin firm, which aims to be the first exchange house in the Caribbean ; or Bitso, of Mexico, who recently received $ 2.5 million financing.