Indian bitcoin exchange Coinsecure has announced its partnership with BitPay, a US-based bitcoin digital currency operator.
The partnership allows Coinsecure to offer BitPay’s bitcoin payment processing to merchants in India and southern Asia. Built on the BitPay API, Coinsecure’s new payments service will allow Indian businesses to accept bitcoin payments without the price volatility or legal and accounting complications of holding bitcoin.
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In an online post, Coinsecure said that it now has several merchants accepting payment in bitcoin through its platform including consulting firm First Principal Ventures, design firm Lazy Eight Design, ecommerce platform Kartmagic, and personalised furniture shop Zraya.
"Through this partnership with Coinsecure, India’s leading Bitcoin and Blockchain company, merchants can accept payment in Bitcoin and receive a payout in INR", it said.
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By GlobalData
