Alchemy Pay Partners with Bitget to enable crypto purchase through INR

India is one of the biggest crypto market and many exchanges are trying to have their present in the country. India has also got Indian crypto exchanges and they are being pretty well especially after the if I you guidelines. Last year in the month of December Indian government banned the URL for 9 cryptocurrency exchange however now a couple of exchanges are registered in India but only two have confirmed there forces banned the URL for 9 cryptocurrency exchange however now a couple of exchanges are registered in India but only two have conformed for this. Kucoin is a registered crypto exchange in India. Binance is next in the list and it's trying to get registration done. Although no update on the closure but still it's anticipated that this should be done in next few months.

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Buying cryptocurrency using Fiat currency is still a challenge in India and even Indian exchanges are facing a problem with the banking system. Some exchanges have allowed the instant deposit for INR but it is not available across it changes. Now Bitget Crypto exchange has come forward and they have partner with Alchemy Pay so that they can allow Indian users to buy cryptocurrency using INR. This is un important partnership because after this Indians will be able to buy cryptocurrency using Indian rupee through upi. In India upi is a very common and most use payment service which setters the transaction and real time. The transaction can be initiated through the mobile application and doesn't take more than few seconds to get it done.

It is going to be a big move if any exchange can enable this option because it will simply fire the Crypto buying process in the country. Aldo samapt Indian exchanges are providing this facility already however it is not is on scale and this is why more players are needed in the market to allow this purchase. India is a bigger market for Crypto currency and certainly it requires more prayers in the game so that things can be competitive and even more innovative for crypto investors. After this collaboration,Indian users will be able to buy cryptocurrency like BTC, ETH, and Tron on Bitget through INR (Indian currency).

Bitget, which is a Seychelles-based crypto exchange, has decided to let Indian users purchase cryptocurrencies using fiat Rupee. The exchange has entered into a partnership with Web3 payments solutions platform Alchemy Pay to facilitate crypto purchases through the Rupee currency. The aim of this collaboration is to make crypto buying on international exchanges more accessible in India while also diversifying the number of platforms to do so for the nationals.

Although that there are many exchanges that are already operating in the market but international exchanges are not providing the Crypto by using INR currency. After this partnership Indians will be able to buy cryptocurrencies using the INR currency and this process is going to be easy for them where as they will be able to invest in few cryptocurrencies using international exchanges. I am expecting that this will help crypto buyer more to perform buy transactions. More options means better services provided by exchanges.

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Posted Using InLeo Alpha