Coinsecure, one of the leading Bitcoin and Blockchain company in India today announced that it is partnering with BitPay. As a part of this partnership, the San Francisco-based company will offer bitcoin payment processing services to the Indian merchants.
By using Coinsecure’s payment gateway, merchants in India will be able to accept payments from their customers in bitcoin, and receive the payout in Indian rupee, without having to worry about Bitcoin’s intrinsic price volatility.
A number of merchants have already signed up for Coinsecure’s services including consulting firm First Principal Ventures, design firm Lazy Eight Design, e-commerce platform Kartmagic, and personalized furniture shop Zraya.
Back in April Coinsecure raised over $1.2 million as part of its ‘Series A’ investment round. The fund-raising round started in January 2016 and the raised funds will be used to introduce Ethereum trading and upon the completion of the round, Coinsecure plans to enter the enterprise blockchain solutions space.