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Big news: Unocoin to Launch Crypto ATM in India Soon

Discussion in 'General Discussion' started by Arpit, Oct 13, 2018.

  1. Arpit

    Arpit Moderator Premium Member

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    Indian cryptocurrency exchange Unocoin is launching the country’s first digital assets ATM, even as other nations grapple with stringent regulations and a ban on banks providing services to exchanges.

    India’s First Crypto ATM
    As reported by Inc42, Unocoin CEO Sathvik Vishwanath confirmed the deal after an image of a company-branded ATM circulated the Twitter-verse. The Bengaluru-based business started operations in 2015 and is funded by private investors and venture capital funds. Interestingly, its initial seed investment was led by Digital Currency Group, which owns Genesis Trading and CoinDesk and holds stakes in over 136 crypto-businesses.

    Speaking of the ATM image, Vishwanath told local reporters the machine was still undergoing development, and official details shall be revealed within a week.


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