The mobile payment app, QuikWallet, which primarily operates in India has decided to integrate Dash into its system along with BTC, BCH and ETH.
QuikWallet acquired a license from the Royal Bank of India in 2016 to operate a semi-closed payment system, which the co-founder and CEO of QuickWallet, Mohit Lalvani, told Dash Force News takes around “18 months and $5 million in capital requirements” along with “quarterly security audits and certifications”. Quickwallet then introduced its consumer facing app to grant users access to their network of over 4500 merchants across India with most business coming from Mumbai and Pune.
The new integration with Dash allows users to convert their crypto to Indian Rupee and use their money on the QuikWallet network. Consumers can make purchases from “brick and mortar merchants like restaurants [and] corner shops as well as online merchants in travel and various other categories”, Mohit mentioned, as well as “utility bill payments like prepaid mobile airtime, electricity & gas, satellite TV, Broadband and Metro Travel cards.” They also plan to soon integrate “gift cards from over 50 large retailers both online and brick and mortar, bus ticket bookings & more.”