Topic: Unocoin going launch Crypto ATM in india. (Read 197 times)
Is unocoin still offering bonus 200 INR still for new users?
Unocoin conforms to launch Crypto ATM in india for instance deposited and widrawal of cash . You can invest money into crypto currency using these ATM and also you convert into cash. This is the very big news for crypto community on india. But we can't use credit or debit card because of RBI restrictions . But hope we will use electronic cards in future. Till then Cheers
Source https://www.bitrates.com/news/p/going-viral-major-indian-exchange-unocoin-to-launch-crypto-atms-in-the-country
Source https://www.bitrates.com/news/p/going-viral-major-indian-exchange-unocoin-to-launch-crypto-atms-in-the-country
That's a good news. But, in a previous blog post, UnoCoin stated this...
In India, though there are no clear laws governing virtual currencies, RBI guidelines debars non-bank entities from setting up ATMs. They are forbidden from issuing prepaid virtual currency cards. These rules effectively close the door on BTMs being set up in India. It remains to be seen if the RBI and the government would reverse their stand and allow BTMs to be set up once the burgeoning cryptocurrency market can’t be ignored anymore.
This is self contradictory.
Really it is a great news for all cryptocurrency lovers in India because such kind of news will be give a positive to build a good background support for Bitcoin in India, so it will be going to show that Bitcoin will our future ecosystem currancy.
I think the fee structure will be too high to afford and also what about the transaction time.? Its definitely a good step and I welcome it but it will be too hard to run a service like this in India right now.
I think it's working is similar to koinex deposit and widrawal model which is koinex is using right now.
Unocoin conforms to launch Crypto ATM in india for instance deposited and widrawal of cash . You can invest money into crypto currency using these ATM and also you convert into cash. This is the very big news for crypto community on india. But we can't use credit or debit card because of RBI restrictions . But hope we will use electronic cards in future. Till then Cheers
Source https://www.bitrates.com/news/p/going-viral-major-indian-exchange-unocoin-to-launch-crypto-atms-in-the-country
I read that news too, but I am little confused that RIB ban is for all banks then how unocoin will transact crypto with cash without any help from banks side. but anyway if it is true then it is good for us and time to party. cheersssss Source https://www.bitrates.com/news/p/going-viral-major-indian-exchange-unocoin-to-launch-crypto-atms-in-the-country
Unocoin conforms to launch Crypto ATM in india for instance deposited and widrawal of cash . You can invest money into crypto currency using these ATM and also you convert into cash. This is the very big news for crypto community on india. But we can't use credit or debit card because of RBI restrictions . But hope we will use electronic cards in future. Till then Cheers
Source https://www.bitrates.com/news/p/going-viral-major-indian-exchange-unocoin-to-launch-crypto-atms-in-the-country
Source https://www.bitrates.com/news/p/going-viral-major-indian-exchange-unocoin-to-launch-crypto-atms-in-the-country
Jump to: