CMO Abhinand Kaseti
CMO Abhinand Kaseti

Indian bitcoin launches new app

Indian bitcoin company Unocoin has launched an iOS and Android app allowing customers to buy, sell, send, receive and store the cryptocurrency from any remote device.

Its users will be the first in India to have these capabilities and real-time access to prices.

A mobile-friendly market with its own currency issues is ripe for such a development, Unocoin cofounder and CMO Abhinand Kaseti said.

CMO Abhinand Kaseti
CMO Abhinand Kaseti

“As of now there are more than 1 billion Indians who use mobile phones. More than 300 million use their phones regularly for accessing the internet. This trend is expected to go up by 56 percent each year.

“We focused on creating a design and interface that provided a seamless user experience on mobile. Customer satisfaction, easy navigation and user simplicity are the most important tenets to us and we wanted to provide an even more convenient way for users to access and manage their digital currency portfolio when a home or work computer is out of reach.”

The new app continues what has been a busy fall for Unocoin. They raised $1.5 million in October and recently implemented a new API which includes a buy and sell pairing for BTC/INR, mobile direct-to-home satellite program recharge and systematic investment plan access. Its POS app is available at both the App and Play stores.

Mr. Kaseti explains some of the app’s features.

“It is secure with TouchID for iOS devices and password access for Android devices, and boasts a one touch button for buying and selling bitcoin, complete with inbuilt conversion. The dashboard displays the user’s BTC wallet, with the option to send and request bitcoin, and the INR wallet, with the option to add and withdraw Indian Rupees. The dashboard also features a 24-hour price graph, address books, messaging capability and transaction progress and confirmations.”

The Unocoin wallet app requires iOS 7.0 or later for iPhone, iPad and iTouch users, and Jelly Bean or later for Android users.

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