Coinomat Brings A Crypto-Remittance Service To India
Bitcoin remittance programs are sometimes considered the sips from the holy grail of decentralization. Many crypto-startups are trying to add this to their resume by providing cheaper and far efficient money sending platforms to those in need. The peer-to-peer live exchange Coinomat is now offering a program that handles operations like this in India. Coinomat is a service that allows instant trading and the purchasing of cryptocurrencies such as Bitcoin and a variety of Altcoins. The difference between the Coinomat process and other exchanges is that you can instantly transfer between....
Related News
Coinomat.com, instant cryptocurrency and fiat exchange, is an starting alternative cryptocurrency integration program which should bring fiat transfers to each altcoin with an active community. Coinomat.com was launched in 2013 as an instant cryptocurrency exchanger. Currently Bitcoin, Litecoin, Dogecoin, Dash, NXT, Bitcoindark, Peercoin can be exchanged instantly, without registering a user account. The coinomat.com team has always considered direct fiat to cryptocurrency transfers (or, better, lack of thereof for most alts) as the main obstacle for altcoins adoption. Several directions....
Indian Bitcoin company Coinsecure has announced a partnerships with OKCoin’s OKLink service. This partnership is intended to bring “blockchain technology powered remittance services in India,” Coinsecure said in a press release. Coinsecure, OKLink Partner in New Remittance Service. This partnership is part of an initiative by the new OKLink service to “provide [a] digital assets and blockchain based global transaction settlement system,” Coinsecure said in a press release. Furthermore, the company said, “with India being the largest inward remittance receiving country in the world, this....
Major Indian bank ICICI has asked customers not to use the Reserve Bank of India (RBI)’s liberalised remittance scheme (LRS) for any crypto-related investments. ICICI, a leading private sector bank in India, has updated its retail outward remittance application to include cryptocurrency. With this update, the bank has asked its customers to declare under India’s Foreign Exchange Management Act 1999 (FEMA) that they will not use the Reserve Bank of India (RBI)’s liberalised remittance scheme (LRS) for any crypto-related investments. The bank’s declaration states:....
On the heels of news from earlier this week that CCEDK and Poloniex had begun to offer support for NXT, Coinomat upped the ante by making NXT available for bank card payments. In a statement, Coinomat representatives said that the company was integrating NXT into its brokering platform and that it was rolling out a “service which allows customers to send NXT to any Visa or MasterCard worldwide, opening a huge new market for NXT.” “This is a vital step in ‘unpegging’ NXT from Bitcoin, allowing it to thrive on its own terms: until now, NXT-to-fiat conversion has always required Bitcoin....
Digital currency companies Bitrefill and Celery have partnered to provide the cheapest mobile airtime remittance service from the US. Users can send instant mobile airtime remittances to over 100 countries. Bitrefill has also announced their free airtime remittance service to India. Sergej Kotliar, Bitrefill founder and CEO, shared the news publicly on March 23, 2015 at the annual International Money Transfer Conference in Las Vegas, NV. Bitrefill is a global prepaid phone service that allows users to refill or “top up” prepaid mobile phones with bitcoin. Currently, Bitrefill works with....