Unocoin and BitWage Partner to Bring Cheaper Remittances to India
India is the largest remittance market in the world and in fact, the country depends on a great degree on inward remittances, more so since the global economic crisis of 2008 than ever before. This should not come as a surprise as Indians form the world’s largest diaspora, according to figures released by the United Nations. In the past five years, more than two mln have migrated abroad. In total about 15.6 mln people born in India now live abroad. According to the Wall Street Journal, Indians working abroad sent a record $72 bln in remittances to India. In the last decade, remittances....
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Indian bitcoin exchange Unocoin is ramping up its fervent push for bitcoin adoption in India. A new partnership with San Francisco-based bitcoin payments company Bitwage will see Unocoin integrated into the payments platform, enabling India-based workers, employees and businesses to receive wages from foreign businesses faster and at better rates. “For instance, an employee receiving $1,000 USD sent to India could receive 70250.00 INR with Bitwage, far more than an estimated 64481.60 INR through Paypal or approximately 65660.00 INR via Citibank India,” claim Bitwage and Unocoin. Bitwage....
Bitwage is now operating in India offering to improve international wage distribution with cryptocurrency. Now millions of workers from India will be able to get their wages paid in bitcoin and INR. Bitwage Now Available for Indian Workers. On December 21 Bitwage announced a strategic partnership with the Indian bitcoin-based firm Unocoin. By utilizing....
Unocoin's partnership with Bitwage will allow employees in India to accept Bitcoin payment. The Indian Bitcoin ecosystem just got a bit more exciting. Unocoin, one of the “Big Four” Indian cryptocurrency companies has announced its partnership with Bitwage. The partnership is expected to further improve Bitcoin adoption in the country which is already showing increased interest in the digital currency following government’s recent “demonetization” initiative. Unocoin’s partnership with Bitwage will help Indian freelancers and employees to receive their salaries and wages in Bitcoin instead....
The Bitcoin Blockchain has enabled millions of workers in India to receive bigger paychecks in Indian Rupees through a new partnership between Bitwage and Unocoin. Less Waiting, Bigger Paychecks for Indians. Indian Bitcoin exchange Unocoin has partnered with Bitwage in an effort to improve wages for international workers. Leveraging bitcoin transactions, Bitwage is able to skip currency exchange and international transaction fees. It transfers wages directly to workers in India, who now have the option of being paid in Indian Rupees. This means that Indians can receive a bigger paycheck....
Today, the India is one of the countries where Bitcoin is increasingly being used. With a large number of people of Indian descent and nationality working abroad, Bitcoin is now leading the global remittances to India. Unocoin is one Indian Bitcoin exchange that started in June 2013 when a few members met at the India Bitcoin meet-up group aiming to take Bitcoin to the masses. Soon after this, Unocoin opened its offices in Bangalore and Tumkur, started to provide Bitcoin trading, storage and merchant processing to the public. The company also focused on helping small and medium businesses....