Unocoin Launches Merchant PoS App for Bitcoin Acceptance

BANGALORE, May 12, 2016 /PRNewswire/ --

As Bitcoin has started to take a stand in India, Unocoin being India's leading Bitcoin company, has been up to something that is going to make it much easier for physical and online stores in India to accept bitcoin. Before getting into that, it is important to note that India is on the verge of a tipping point on the digital movement.

One of the Co-Founders of Unocoin, Abhinand Kaseti, said, "Over the past year, our web traffic has increased by more than 500%! We added more than 6,000 users just last month alone, and our volume is skyrocketing. Thank you all for supporting us along the way."

While the company's vision is to bring bitcoin to billions, it is now aiming to make it easier for physical stores and merchants in India to accept bitcoin. This is presently an unmarked territory in India.

With the new mobile app that is both available on Play store for Android and Appstore for iOS, it's all about to change. Unocoin announces an epic launch of the mobile merchant application - called the 'Unocoin Merchant PoS'. PoS stands for Point of Sale. Early beta users are already calling it the world's simplest Bitcoin PoS app and it is going to make payments easier and smarter.

The app brings the following benefits to the merchants who are signing up:

- 0% installation fee

- 0% transaction fee

- 0% processing fee

- 0% maintenance fee

- 0% bitcoin volatility

So what does it take for the merchant to start accepting bitcoin?

Indian merchants need to sign up with Unocoin and get their account verified. Once done, they can simply install the Unocoin PoS mobile app and scan the QR code on the website to pair their mobile to their merchant account. They are now ready to accept bitcoin from their customers calling themselves smart merchants who accepts Bitcoin.

When a customer is willing to pay the invoice in bitcoin, the merchant just opens Unocoin PoS app and keys in the invoice amount and generates a QR code to accept bitcoin payment from the customer. The merchant can accept the bitcoin directly to their app or share the payment instructions over email or social media to get paid if the customer is not physically present at the same location. The merchant will have an option either to keep the payment in bitcoin itself or to get it converted to INR and get the money to his bank account the same business day. This enables a cheaper, faster and reliable payment system through a product that is designed for both merchant's and user's convenience. This truly is the new way to pay.

"Making Money Simple is the next big thing, today anybody can accept payments within a flash downloading Unocoin Pos app," added Abhinand.

About Unocoin: 

Unocoin, the first bitcoin trading platform in India, is now the leading Bitcoin Company, with 70K + users, 6k + freelancers and 25+ online merchants using the bitcoin services provided.

Unocoin's vision is to bring bitcoin to billions. In this context, Unocoin is now offering on every new signup, INR 200/- worth of bitcoin by entering a coupon code UNO200. This enables everyone to get hands on bitcoin and know more about the benefits/services provided by Unocoin. Unocoin makes it super easy for people in India to buy and sell bitcoin, and now with Unocoin PoS app, bitcoin can be used at all the outlets who accept bitcoin with enormous benefits, when compared to the conventional mode of payment. Unocoin completely focuses on digitization using top notch technology like Blockchain, cryptography, etc. The PoS app is exclusively made very easy, aiding with the simple user experience for nontech-savvy merchants to download readily and accept bitcoin for their products and services.

Download the app from Play store: unoco.in/posapp  

Media Contact:
Naveen CT
[email protected]
+91-9964324264
Head-Business Strategic Alliance, Unocoin