In an announcement, India’s first Bitcoin start-up, Zebpay, says that it has initiated mobile payment services for its users. According to the firm it has also brought the plans to start a mobile-based e-commerce marketplace. The company that claims to provide the fastest way to buy and sell Bitcoin in India aims to reach to new segment of customers with this decision.
Nonetheless, Zebpay also guarantees fastest transaction processing and the best Bitcoin rates and with the latest offer of the mobile payment service, it is further attracting the customers. The company informs that the new payment service will allow Zebpay users to pay for mobile airtime, data card usage and direct broadcast satellite services with Bitcoin.
According to Zebpay sources the customers will also be able to purchase postpaid and prepaid plans from major telecoms companies in the country, including the likes of Vodafone, Airtel and BSNL. Nonetheless, the initial launch will cater to Android users only, with an iOS release slated to be released in the coming weeks, following approval by Apple’s App Store.
Carved a Niche in Very Short Duration
Though the firm was founded just the last year, it has been able to carve a niche for its customized solutions for the customers. For instance, it initiated schemes that allow customers to purchase gift cards from Amazon and Flipkart – two of the largest online retailers in the country – using their accrued Bitcoins; this has been a popular service among hip crowd.
The Bitcoin exchange has 3 steps process for the users to buy and sell Bitcoins. Firstly, they need to verify their ID via PAN card; secondly, place Buy/Sell order; and thirdly, make payment through RTGS/NEFT or IMPS. The company informs that for buying Bitcoins, the customers must make payment to the bank account within 4 hours.
Best part about Zebpay’s services is that they are safe and secure as the company promises that customers never lose their Bitcoins. According to the firm with traditional Bitcoin wallets, customers are responsible for its security and backup i.e. if they lose access to the wallet, they lose access to their Bitcoins.
However, with Zebpay, the customers’ Bitcoin wallet is linked to their mobile number to make their transactions safe and secure. This makes Zebpay, secure and easy to use for customers and a primary choice for any Bitcoin trader.
To contact the reporter of this story: Deepak Tiwari at firstname.lastname@example.org