Zebpay, a Delhi Based Bitcoin Digital Wallet has crossed Rs.100 Crore mark in the very first year. The wallet offers an easy platform for users to use Bitcoin.

Zebpay, a platform to buy and sell Bitcoin, has crossed Rs.100 crore turnovers in its first year. The startup aims to provide an easy platform for trading Bitcoins.  Founded in mid of 2015 by Mahin Gupta, the startup has gained quiet a good exposure in market. This is despite the fact that Bitcoin is not legally identified as a currency in India yet.

So what exactly are these Bitcoins? Bitcoins are digital money whose value depends on its demand. To know more about Bitcoins, watch the video below. Zebpay users can use this wallet to trade Bitcoins. This wallet is available on Smart Phones and requires your PAN card for identification. The Reserve Bank of India has given a warning against the dealings done with Bitcoins or with any other virtual currencies.

Today, Zebpay has over 30,000 users, using the platform to buy, sell, store and spend Bitcoins. Every month 6000 people download this app as reported by Economic Times. This month, another Bitcoin based startup called Coinsecure has raised $1.2M through angel funding. Rise in number of startups based on digital currency can be seen despite the lack of any recognition from the Government.

Takeaways:

• Zebpay, a Delhi-based Bitcoin wallet startup has crossed a 100 million mark on April 15.
• The startup aims in providing a platform for users in dealing Bitcoins.
• Authorities have not yet officially sanctioned the use of digital currency in India.