Wallet Provider Blockchain Partners With Indian Bitcoin Exchange

Blockchain, the provider of the world's most popular bitcoin wallet, has partnered with Indian cryptocurrency exchange Unocoin.

AccessTimeIconSep 7, 2017 at 8:50 p.m. UTC
Updated Sep 13, 2021 at 6:54 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Blockchain, the provider of the world's most popular bitcoin wallet, has entered a strategic partnership with Indian cryptocurrency exchange Unocoin.

The news means that Unocoin's exchange services are now directly available within the Blockchain wallet, allowing users to more easily buy and sell bitcoin.

Citing the recent growth of digital assets in the Asian country, Blockchain indicated in a blog post that the move was part of a commitment to making digital currency "simple and more accessible throughout India."

According the Indian Economic Times, Blockchain co-founder Nicolas Cary said that 2,500 Indians are investing in bitcoins daily, figures that his firm's partnership with Unocoin could help support.

Cary stated:

"India is our 35th market and after demonetisation, there has been an unprecedented surge in people using bitcoins and other cryptocurrencies."

Notably, India has not seen an easy regulatory path in recent years, with raids by authorities on exchanges and warnings from the country's central bank that caused some services to cease operating for a time.

Cary told the news source: "I hope that legal hassles related to bitcoins would soon be solved in India and it will become a legal tender."

Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Blockchain and Unocoin. 

Bitcoin and rupees image via Shutterstock

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.