Sat, Apr 29, 2017 | updated 02:43 PM IST

Unocoin reveals new API to boost new business

Updated: Nov 07, 2016 12:40 IST      
Unocoin reveals new API to boost new business

Bengaluru(Karnataka)[India], Nov. 7(ANI): Unocoin, India's bitcoin company, on Monday has implemented its first-ever, easy-to-access Application Programming Interface (API) allowing companies from around the world to access the world's largest potential market for Bitcoin and to take advantage of Unocoin's extraordinary set of features.

Unocoin's API allows individuals and companies in India to generate bitcoin wallets; buy, sell, send and receive bitcoin, securely store bitcoin, retrieve real-time or historical price information, receive notifications when payments arrive, accept and request bitcoin payments for merchants; as well as allow companies around the world to remit bitcoin to India and to submit KYC details of beneficiaries.

Unocoin recently set a national record with a USD 1.5 million raise to support its unprecedented growth. The company now has more than 30 employees on staff servicing over 100,000 users. The Unocoin API has concluded rigorous testing and is already in active use by its largest customer: Unocoin itself.

The company's full-featured iOS app and soon-to-be-released Android app are both built entirely off of the Unocoin API.

Moreover, the Unocoin API has become instrumental in the day-to-day functionality of businesses like Paycase, a Canadian remittance innovator making overseas transactions much faster and more cost efficient.

"We've been excited to develop a robust API for use by companies around the world. Our API is best described as an on-ramp for firms looking for a simple way to gain entry into one of the world's fastest growing and largest potential markets. Our team has been working non-stop prior to and during our Pre-Series A round to provide the most reliable, full-featured API, but one that, most importantly, is incredibly easy to adopt," Unocoin co-founder and CEO, Sathvik Vishwanath said.

"Our API is the engine powering our mobile apps, through which customers will be able to store and spend bitcoin on the go, and also be able to buy bitcoin with just a click of a button," added Vishwanath.

India is the remittance capital of the world, as well as the largest gold and IT market.

While blockchain and bitcoin adoption climbs exponentially, businesses and individuals need the appropriate financial infrastructure to process secure transactions.

The Unocoin API can plug right into any company, anywhere in the world, to assist them gaining access to the Indian bitcoin market and remittance industry, potentially worth an estimated USD100 billion.

Paycase, a mobile-first remittance application, is now using the Unocoin API and Blockstream's Liquid network to carry out frictionless money transfers from Canada to India.

Paycase's protocol-agnostic transfer routing system has already been tested in nearly 20 countries around the world, using a sophisticated trading algorithm to route payments over a variety of cryptocurrency rails with far greater efficiency as compared to the traditional SWIFT network.

During a 6-month beta, Paycase successfully completed USD 50,000 worth of micro-transactions from Canada to the Philippines, with costs averaging 60-80 percent lower than traditional remittance players.

"Our work with Unocoin shows both company's long-term dedication to one another, in strategically partnering to take bitcoin and Blockchain powered remittances and cross border transfer to the mass market. We have worked together from Canada and India to establish the technical, regulatory, and business logic needed to enable Canadian dollar to Indian rupee money transfer with bitcoin efficiencies in place. With the API, experience, and infrastructure in place, we can now scale this model beyond our current corridors and into the promising Indian market," Paycase Co-founder and CEO Joseph Weinberg said.

Unocoin's recently released features include a merchant point-of-sale (POS) app, a mobile trading app, an auto-selling feature for remittance users, systematic investment planning (SIP) to mitigate against volatility risk, integration with NETKI to simplify Bitcoin addresses, an over the counter (OTC) desk for large traders, and integration with Purse.io for discounts on Amazon.(ANI)

Gamers, here are five games to watch out for

Updated: Apr 29, 2017 13:13 IST     

New Delhi [India], Apr 29 (ANI): Online gaming in India has witnessed a surge with the creation of multiple new games, gaming forums and so on.

Full Story >>

New Delhi [India], Apr 28 (ANI): Aiming to support and mentor new initiatives in the field of technology, Google on Friday announced its 'Solve for India' program to inspire the new wave of entrepreneurs and startups in emerging cities like Pune, Jaipur, Hyderabad, Kolkata, Kochi, Indore, Nagpur, Nashik, Madurai, Kanpur and Chennai.

Full Story >>

Now, engage well through Facebook Live!

Updated: Apr 28, 2017 02:49 IST     

New Delhi [India], April 28 (ANI): Ever since we realized, human tendency is inclined towards finding the easy way out, we knew that majority of all future innovations would have these three as their major pillars of thought- comfort, technology and time conservation.

Full Story >>

New Delhi [India], Apr 27 (ANI): Kaspersky Lab has published the results of its investigation into the activity of Hajime - a mysterious evolving Internet of Things (IoT) malware that builds a huge peer-to-peer botnet.

Full Story >>

MuveAcoustics rolls out wireless Bluetooth headphone 'Evoke'

Updated: Apr 27, 2017 18:04 IST     

New Delhi [India], Apr 27 (ANI): Gear yourself up for an overhaul of your musical experience as MuveAcoustics one of India's leading lifestyle audio solutions provider has launched its premium over-ear wireless Bluetooth headphone series - 'Evoke'.

Full Story >>

New Delhi [India], Apr 27 (ANI): Chinese technology company Vivo on Thursday took its initiative of the selfie revolution a notch higher by launching Vivo V5s in matte black and crown gold colors at Rs. Rs.18,990.

Full Story >>

Facebook hosts interactive session for users in Delhi

Updated: Apr 27, 2017 14:48 IST     

New Delhi [India], Apr 27 (ANI): Social media giant Facebook on Wednesday hosted an interactive product showcase, 'Facebook: A place to connect' for the Facebook community to experience in Delhi on April 26.

Full Story >>

Pinwi upgrades its parenting app, introduces Pinwi 2.0

Updated: Apr 27, 2017 10:53 IST     

New Delhi [India], Apr 27 (ANI): The data-driven app for child development and parenting, Pinwi (Play-Interest-Wise) on Thursday introduced a new version 2.0 for both on iOS and Android platforms.

Full Story >>

New Delhi [India], Apr 27 (ANI): IT services provider Infosys Ltd. on Thursday announced the launch of Infosys Nia, the next-generation Artificial Intelligence (AI) platform building on the success of the Company's first-generation AI platform, Infosys Mana, and its Robotic Process Automation (RPA) solution, AssistEdge.

Full Story >>

New Delhi [India], Apr 27 (ANI): Aiming to deliver more long-term and impactful changes to Search, Google on Wednesday announced key updates to its algorithms and introduced additional features to address the challenges with locating relevant from the most reliable sources available.

Full Story >>

New Delhi [India], Apr 26 (ANI): Tata Motors have announced readiness of SCR (Selective Catalytic Reduction) and EGR (Exhaust Gas Recirculation) technologies for BSIV compliant engines, powering its range of commercial vehicles.

Full Story >>

HCL Infosystems becomes Oracle platinum level partner

Updated: Apr 26, 2017 15:35 IST     

New Delhi [India], Apr 26 (ANI): HCL Infosystems Ltd. on Wednesday announced that it has achieved the Oracle Platinum Partner status in Oracle Partner Network (OPN).

Full Story >>

Ericsson, MTS evaluates radio network features

Updated: Apr 26, 2017 15:04 IST     

New Delhi [India], Apr 26 (ANI): Ericsson and MTS, the largest mobile operator in Russia on Wednesday built a prototype 5G network and completed a successful test of new radio network features.

Full Story >>

New Delhi [India], Apr 26 (ANI): UCWeb has outlined detailed guidelines for writers and content creators to join the 'Super 1000' Program launched in March 2017.

Full Story >>

New Delhi [India], Apr 25 (ANI): SaaS cloud platform to manage hotels sales, revenue, operations and online reputation DJUBO on Tuesday announced a rapid adoption among hoteliers with a four-fold increase in its revenues, doubling occupancy, boosting ARRs by over 50 percent, and more.

Full Story >>

New Delhi [India], Apr 25 (ANI): Mobile application that allows users to personalize conversation in real-time on any platform Bobble Keyboard on Tuesday announced that it has partnered with Zen Mobile.

Full Story >>

Google's new features empower Indian language consumer base

Updated: Apr 25, 2017 14:13 IST     

New Delhi [India], Apr 25 (ANI): Aiming to cater to the needs of one and all, Google on Tuesday announced the launch of a range of new features to empower Indian language users to adapt to latest technology within the comfort zone provided by the language of their choice.

Full Story >>

New Delhi [India], Apr 24 (ANI): Accenture on Monday announced the launch of its new platform for automated, analytics-driven software testing, after successfully completing pilots with 10 clients around the world.

Full Story >>

HTC announces VIVE product launch in India

Updated: Apr 22, 2017 12:23 IST     

New Delhi [India], Apr 22 (ANI-NewsVoir): Pioneer in innovative, smart mobile and virtual reality technologies HTC Corporation has announced the launch of their virtual reality system, HTC VIVE™ making it the first complete VR system available to customers in the India market. VIVE will be available exclusively on Amazon.in via pre-order from April 22nd, 2017.

Full Story >>

Google marks Earth Day with its Doodle

Updated: Apr 22, 2017 08:59 IST     

New Delhi [India], Apr. 22 (ANI): The Earth is more than 4.543 billion years old, home to more than 8.7 million species, and still the only known planet in the universe known to harbour life, reads Google's blog today.

Full Story >>