Coinsecure Partners With OKLink In Bringing Blockchain Technology Based Remittances to India

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Coinsecure, the Indian Bitcoin company announces 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.

“We at Coinsecure not only recognize Bitcoin as the most important application of Blockchain but also its potential role in alleviating global transaction woes and expedite remittance. Coinsecure is thrilled to partner with OKLink to provide faster and cheaper services to the Indian population,” said Benson Samuel.

Since Bitcoin’s inception, the financial and remittance sectors are taking a closer look at Blockchain, its underlying foundation. The Blockchain as an open public ledger of all Bitcoin transactions provides an open source global platform for payment and remittance companies to utilize.

While speaking about the new partnership Mohit Kalra, Coinsecure’s Co-Founder and CEO said,

“Remittance will work over the network created by OKCoin called OKLink. It will enable Indian citizens to send or receive funds either in Bitcoin or Indian Rupees from countries around the globe such as China, Hong Kong, Korea, Canada, Philippines and many more.”

The Chief Strategy Officer of OKLink, Jack C. Liu stated,

“Coinsecure is the leading Blockchain company in India and their commitment to our network is further validation for us and our shared vision of leveraging the trust of the Blockchain to improve the end remittance experience for the Indian people,”

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.

Founded by Benson Samuel and Mohit Kalra with the mission of “Connecting India to Bitcoin”. Coinsecure works on educating and enabling individuals and businesses in India to leverage upon Bitcoin and Blockchain technology. The company is responsible for the country’s first and only INR based Blockchain explorer, an open order book exchange with REST API, mock trading platform/testnet, paper wallet services, an online wallet service and merchant payment gateway. Coinsecure has successfully created a strong foothold in India with the highest liquidity and volumes in India. Coinsecure’s head office in Delhihouses the banking, compliance, accounts, legal, management and advisory teams whereas the Development Center inBangalore is responsible for building and managing all the company’s products.

OKLink is a Blockchain money transfer network that gives every remittance and payment company the same cost advantage, global reach and speed of Western Union. Launched in August 2016, OKLink is growing rapidly with its services available at over 100,000 locations in five different countries. With new corridors being added weekly, the company expects to cover over 60 countries by the year end.

Learn more about OKLink’s current list of payout options at – https://www.oklink.com/

Learn more about Coinsecure at – https://coinsecure.in/

Richard Kastelein

About Richard Kastelein

Founder, Publisher and Editor in Chief of Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC, Richard Kastelein is also an advisor with a number Blockchain startups doing ICOs including DECENT.ch, Inchain, Humaniq, Chronobank, eGaas and others.

He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List. As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven etc, where he helped spread the cause for Blockchain technology and crypto-currency and, consequently, has built a notable network inthe scene.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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