Zebpay, an Indian app-based Bitcoin exchange, today announced that it has achieved half a million downloads on the Android Play Store. This milestone for the firm reaffirms the strong interest of Indians in cryptocurrencies as an investment, commodity and technology.
Zebpay was publicly released in July 2015 by Indian blockchain pioneer Mahin Gupta and two Indian businessman, Saurabh Agrawal and Sandeep Goenka, with the mission to provide a simple and reliable experience for regular people in the giant Asian country to buy and sell bitcoins. Now, less than two years after and with over 500,000 downloads, Zebpay has become India’s largest Bitcoin exchange app and is still adding more than 2500 users every day.
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Commenting on this milestone, Sandeep Goenka, co-founder and Chief Operating Officer of Zebpay, said: “India is at the cusp of new financial revolution as India customers are opening up to non-traditional investments measures. While this is steady and a promising start, we expect the Bitcoin trend to roar further. We aim to achieve 1 million downloads by the end of September 2017.”
The Zebpay app is available on Android and iPhone. Users can buy and sell bitcoins, recharge their mobile phone airtime across India and buy vouchers.
The company has a stated vision of bringing revolutionary new solutions to the rapidly developing Indian financial ecosystem. The company says that its aim is to take this emerging technology to the masses in the giant Asian economy. For this purpose Zebpay has raised $1 million in seed funding in January 2016.