Coinsecure, the Indian Bitcoin company inked a new partnership with OKLink to offer blockchain technology powered remittance services in India. The newly launched OKLink is part of OKCoin’s initiative to provide digital assets and blockchain based global transaction settlement system.
With India being the largest inward remittance receiving country in the world, this partnership marks a huge milestone for Bitcoin and blockchain technology.
The partnership was first announced by Coinsecure’s co-founder and CTO, Benson Samuel and OKLink’s Chief Strategy Officer, Jack Liu at the recently held IMTC Asia Conference in Delhi.
The landscape of remittance related opportunities over blockchain technology was covered in “Pioneering Remittance Opportunities & Challenges of Innovators” panel during the conference.
Both teams from Coinsecure and OKCoin’s newly created network, OKLink acknowledge the potential of blockchain to transform global remittance. Both, emerging key leaders in the Bitcoin exchange space acknowledge the need to leverage the blockchain technology to expedite and reduce the cost of daily remittance.
The new service for Indian citizens will soon be made available on Coinsecure’s website, followed by its mobile application. Coinsecure will offer the services at an industry’s lowest fee of 0.5% as against tradition rates of 3-5% with a proof of work over the blockchain network.
For a complete archive of more than 70,000 articles published since 1995 search the CardFlash.com library.