PayBito is a bitcoin and cryptocurrency exchange trading platform for major cryptocurrencies including Bitcoin, Ether, Bitcoin cash, Litecoin, HCX, XRP, ECR20 and many more. The platform allows purchases in INR, USD and supports cryptocurrency trading pairs. Available in Web version, Android & iOS App.
PayBito is now offering white label solutions to local enterprises and entrepreneurs interested in launching their very own exchange for digital assets trading. The white label cryptocurrency exchange software is one of their most sought after solutions, which have earned global recognition owing to its contributing features.
India is a freshly liberated Cryptocurrency market that had been in dormancy for the past couple of years due to a ban imposed on crypto trading by the country’s central bank RBI. The ban was, however, revoked this year in March by the Supreme Court of India. Since then, the Indian crypto market has been booming, with new exchanges getting launched and people taking a significant interest in cryptocurrency trading.
Raj Chowdhury, Managing Director of PayBito stated:
“India’s rapidly growing cryptocurrency market bears fair results for the global industry of digital assets. The local industry has shown immense growth potential and we are happy to be of aid to the businesses and entrepreneurs who want to invest in the crypto future of the country.”
PayBito’s white-label exchange software supports multiple fiat currencies. It comes with an on-off ramp conversion of fiat currency to crypto and vice versa. The exchange comes with enhanced security protocols that include multi-signature along with key encryption for cold wallet storage of cryptos. Leveraging PayBito’s infrastructure the new exchange gets integration benefits with the major global exchanges, which ensures high liquidity of assets. It helps the new exchange to start generating revenue from the moment that they get launched.
India has over 1 billion people and the Vice President of Product at Ripple, Asheesh Birla stated back in 2018 that:
“And so now, I think that in our pipeline we have probably 50% of the market in India, either integrated onto Ripple or in the deal, in the sort of pipeline to be signed to India. And guess what, we’re going to take that back to Wells Fargo, and we’re going to say it’s not a better way to send into India than Ripple”