Cryptocurrency exchange Unocoin is providing bitcoin customers a new solution to major up their FASTag accounts. The customers will be in a position to recharge FASTag applying bitcoins they had deposited or bought in the Unocoin wallet in the previous, nonetheless, there is no direct obtain applying bitcoins. From the bitcoin tab or section in the Unocoin app or internet site, customers will have to click on the FASTag tab and opt for from any of the seventeen operators listed with Unocoin. Further, customers will have to enter the car registration quantity and the quantity they would want to major up their FASTag with among Rs one hundred and Rs 10,000 even though generating sure they have sufficient bitcoin to cover it.
“This will be treated as customers sold bitcoin on our platform and then through our partner’s platform, they got the FASTag recharged. The recharge is actually happening through money only. Lets’ say, I have 0.1 bitcoin in my bitcoin wallet. I will put Rs 500 to recharge FASTag in the app or website and then Rs 500 worth bitcoin will get deducted from my wallet and on the other side, my FASTag is recharged with Rs 500,” Sathvik Vishwanath, CEO & Co- Founder, Unocoin told TheSpuzz Online.
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“We have got more than 200 recharges in a single day already, so it is going well. The average recharge amount has been Rs 500-1,000 while the highest I saw was Rs 4,000. We have currently 14 lakh registered Unocoin users,” added Vishwanath. There is no transaction price or charges for topping up FASTag with users’ HODLed bitcoin. Once the transaction is accomplished, customers can see the transaction in the transaction history in the app or internet site. The transaction row shows the quantity of bitcoin sold, the INR equivalent, the date and time of the transaction, and also the price of conversion.
In a related providing in August this year, the enterprise had supplied customers to invest in customer things such as Pizza, ice cream, etc using bitcoin. The enterprise had permitted customers to invest in present vouchers applying bitcoin that could be redeemed at Domino’s Pizza, Cafe Coffee Day, Baskin-Robins, and so forth.
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