Unocoin opens up its API for integration with other companies worldwide

MUMBAI: Bengaluru based bitcoin company, Unocoin, has implemented its Application Programming Interface (API) to allow companies to access the world’s largest potential market for Bitcoin and to take advantage of Unocoin’s features which allows individuals and companies in India to generate bitcoin wallets; buy, sell, send and receive bitcoin. It can also securely store bitcoin; retrieve real-time or historical price information; receive notifications when payments arrive; accept and request bitcoin payments for merchants; as well as allow companies around the world to remit bitcoin to India and to submit KYC details of beneficiaries.

Unocoin recently raised $1.5 million to support its growth. The company with more than 30 employees is servicing around 1,00,000 users. The company’s full-featured iOS app and soon-to-be-released Android app are both built entirely off of the Unocoin API. Moreover, the Unocoin API has become instrumental in the day-to-day functionality of businesses like Paycase, a Canadian remittance innovator making overseas transactions much faster and more cost efficient.

“We’ve been excited to develop a robust API for use by companies around the world. Our API is best described as an on-ramp for firms looking for a simple way to gain entry into one of the world’s fastest growing and largest potential markets. Our team has been working non-stop prior to and during our Pre-Series A round to provide the most reliable, full-featured API, but one that, most importantly, is incredibly easy to adopt,” said Sathvik Vishwanath, co-founder and CEO, Unocoin. “Our API is the engine powering our mobile apps, through which customers will be able to store and spend bitcoin on the go, and also be able to buy bitcoin with just a click of a button.”