ZebPay Warns Users Against Investing in MMM and Others

ZebPay Warns Users Against Investing in MMM and Others

ZebPay recently sent an advisory/warning note to all its users urging them not to invest in Ponzi schemes like MMM. The note also warns the users against using ZebPay's services for such schemes. Try going to a nearby park to ask people about Bitcoin, and you will be surprised to realize how little people actually know about it. While some people are more knowledgeable about Bitcoin, others aren't-most of them would say that Bitcoin is some form of digital currency that is volatile in nature. Some might go a bit further to say that bitcoin is a form of money that is used to buy drugs....


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Sandeep Goenka, COO and co-founder, ZebPay, attributes the increased interest in Bitcoin in India to demonetization. ZebPay, an Indian Bitcoin exchange company, clocked in a turnover of over 500 crore (USD 5 billion). They did more than Rs 100 crore of trade turnover in November 2016 and are on target to achieve a turnover of Rs 1,000 crore, this year. Sandeep Goenka, COO and co-founder, ZebPay, attributes the increased interest in Bitcoin in India to demonetization. This sudden rise in interest has catapulted the value of the bitcoin from around $300 last year to now over $700. Zebpay....