Blockchain, the provider of the worldâs most popular bitcoin wallet, has entered a strategic partnership with Indian cryptocurrency exchange Unocoin.
The news means that Unocoinâs exchange services are now directly available within the Blockchain wallet, allowing users to more easily buy and sell bitcoin.
Citing the recent growth of digital assets in the Asian country, Blockchain indicated in a blog post that the move was part of a commitment to making digital currency âsimple and more accessible throughout India.â
According the Indian Economic Times, Blockchain co-founder Nicolas Cary said that 2,500 Indians are investing in bitcoins daily, figures that his firmâs partnership with Unocoin could help support.
Cary stated:
âIndia is our 35th market and after demonetisation, there has been an unprecedented surge in people using bitcoins and other cryptocurrencies.â
Notably, India has not seen an easy regulatory path in recent years, with raids by authorities on exchanges and warnings from the countryâs central bank that caused some services to cease operating for a time.
Cary told the news source:Â âI hope that legal hassles related to bitcoins would soon be solved in India and it will become a legal tender.â
Disclosure:Â CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Blockchain and Unocoin.Â
Bitcoin and rupees image via Shutterstock