Contents:
The startup has its India offices in Mumbai and Ahmedabad, and has scaled up its workforce from 50 to people. It looks to hire 20 more people by Not only has it made bitcoins more accessible to Indians through a user-friendly app, which has crossed 30 lakh downloads , but has also built multi-layered security protocols to protect user funds.
Both individual and institutional users can invest in Bitcoin, Ethereum, Ripple, and other crypto assets, and trade in crypto-fiat and crypto-crypto pairs. Interestingly, the platform is already seeing change in user behaviour, with 60 percent of ZebPay customers holding their crypto assets.
ZebPay has 3. ZebPay has a three-pronged business model.
It earns trading fees when users buy or sell bitcoins on the platform , membership fees for inactive accounts that only hold cryptos , and revenue from its own crypto holdings different from member funds. The platform has been profitable since April Now it is focusing on creating referral structures, incentives, and AMEX-like membership programmes for users.
It also plans to work with service providers in ecommerce, travel, healthcare, and so on to offer discounts on bitcoin purchases. The startup hopes that India will soon bring in effective regulations for fiat-to-crypto trading like advanced crypto markets like Singapore and Japan have already done.
By Sohini Mitter 16th Nov New releases. Add to Wishlist. Bitcoin ZebPay is the easiest way to invest and trade in Bitcoin in over countries across the globe.
Keeping the company intact was tough but I persuaded most of the middle management to stay on, despite the RBI ban. The Jordan Times. Companies dealing in virtual currencies must register with the Financial Transactions and Reports Analysis Centre of Canada Fintrac , implement compliance programs, keep the required records, report suspicious or terrorist-related transactions, and determine if any of their customers are "politically exposed persons. This is because the court classified bitcoins as payment instruments - whereas most countries treat their use as an unregulated method for the exchange of goods, or even as a crime. Retrieved 3 February
The choice of 3 million traders worldwide, the ZebPay app for Android offers access to a secure crypto exchange platform for users on the go with its clean, user-friendly mobile trading experience. You can even set a fingerprint or PIN code and lock outgoing transactions for further wallet security.
More than 3 billion worth of transactions have been conducted securely through ZebPay since its inception.
Mission There are millions in India and around the world who are underbanked, underserved, and undervalued. ZebPay is committed to bringing the power of decentralized digital finance to everybody.