India Bitcoin Exchange Zebpay 1 Million Android App Downloads

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Indian bitcoin wallet and exchange platform Zebpay strikes a million downloads of its app-only service on Android and forecasts half a million new users a month, up from 200,000 currently.

“We made a key decision that mobile phones are huge in India and internet penetration is big through phones. So, we decided on an app-only presence in India,” said Saurabh Agarwal in a Forbes interview

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Launched in 2015, bitcoin startup Zebpay is now among India’s major bitcoin exchanges alongside Unocoin and Coinsecure. Unlike its competitors, Zebpay has adopted an app-only model in a country where mobile tariffs are among the cheapest in the world with a soaring adoption rate of smartphones.