• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
bitcoin regulation india

Coinomat Brings A Crypto-Remittance Service To India

Jamie Redman
by Jamie Redman
8 years ago
·
Posted in Bitcoin Breaking News Brief, Breaking Bitcoin News, Breaking News, Start-Ups
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin remittance programs are sometimes considered the sips from the holy grail of decentralization. Many crypto-startups are trying to add this to their resume by providing cheaper and far efficient money sending platforms to those in need. The peer-to-peer live exchange Coinomat is now offering a program that handles operations like this in India.

Also read: BitReady Lets Consumers Spend Fiat Currency Wherever Bitcoin is Accepted

“Coinomat team is happy to announce a new direction in its development — cryptocurrency remittance services.” — Coinomat

coinomat.com_Coinomat is a service that allows instant trading and the purchasing of cryptocurrencies such as Bitcoin and a variety of Altcoins. The difference between the Coinomat process and other exchanges is that you can instantly transfer between various digital currencies without the hassles of registration. The crypto-deposits do not necessarily have to be pegged to Bitcoin as users are enabled to trade their virtual money promptly for any other token or national currency offered on the exchange. Coins included in the platform include Dash, Litecoin, NXT and others within their exchange. The company is a Bitcoin Foundation silver member and was created back in 2014. Coinomat also offers a crypto-debit card for €15.99 / $19.99 that can be loaded for a fixed fee and used for point of sale transactions.

With the team’s new feature, the application will allow people to send funds to India using their platform with ease. Coinomat says they are pleased to start this venture stating, “Coinomat team is happy to announce a new direction in its development — cryptocurrency remittance services.” The company will begin servicing India as its first attempt and if the idea is successful they will try to  “launch in several other major remittance markets.” Recipients in India just simply go to their local transfer office with the provided codes and ID to accept the funds on their behalf. The website claims:

“If you regularly send money to India cryptocurrency is the cheapest way to do it.” — Coinomat

Indian-Bitcoin-Remittance-Market-IHB-News™Remittance applications have appeared from the like of Rebittance and others who have tried to conquer this financial sector over the payment giants such as Western Union or Moneygram. The Bitcoin startup Abra who is looking to be featured on Apple’s App Store is also trying to surmount international money transfer. Notably Abra has also been invested in by well-known venture capitalists coming from India but the company will begin in the Philippines and U.S. borders.  

With Coinomat users send cryptocurrencies to the program and the funds are available upon identification within the region. Transfer fees they say are “as low as 1.5% and there’s a minimum of USD $10”  Users can also send tokens from Coinomat’s own asset series CoinoUSD, from BitShares and also BTCe coin. The services blog says they want to help bolster the “paradigm shift” within the cryptocurrency ecosystem. Coinomat explains, “Coinomat was started with the idea of providing instant Crypto to Crypto exchanges, which could reduce the overhead of jumping through the hoops of regular exchanges for users who just need to buy their crypto fast.” The business is now moving forward by trying to tackle remittances one region at a time.

What do you think of Coinomat’s new feature? Let us know in the comments below.


Images courtesy of Redmemes, IHB News, and the Coinomat domain 

 

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Jamie Redman

Jamie Redman

Follow

Jamie Redman is a crypto writer and a dragon on Tuesdays. Follow me on twitter @jamiecrypto

Full Profile

Related Posts

Cena Bitcoinu prekonala 1200 tisíc $

Bitcoin prekonal 122 000 $. Dosiahne už tento týždeň nové historické maximum?

3 weeks ago
DCA Bitcoin BTC

Bitcoin sa drží nad 114 000 $. Oplatí sa stratégia DCA pri súčasnej cene Bitcoinu?

4 weeks ago
Goldman Sachs Partners With BNY Mellon To Bring $7 Trillion Money Market To Crypto

Goldman Sachs Partners With BNY Mellon To Bring $7 Trillion Money Market To Crypto

1 month ago
cena bitcoinu nove historicke maximum ATH 123 tisíc dolárov

Cena Bitcoinu dnes vyskočila nad 123 000 $. Začína „krypto týždeň“

1 month ago
Bitcoin price

Bitcoin Long-Term Holders Complete Largest Market Sell-Off Since 2021, Is The Top Here?

8 months ago
Bitcoin

Bitcoin Miners Offload $14 Billion BTC – Price Crash To Follow?

8 months ago
Please login to join discussion

Premium Sponsors

Press Releases

  • Top 5 Most Profitable ASIC Miners in 2025: ROI Comparison

    7 hours ago
  • Bitget to Transfer 440 Million BGB to Morph Foundation...

    7 hours ago
  • From Institutional to Individual Investors: How XRP and...

    7 hours ago
  • Despite XRP price fluctuations, Mint Miner lets holders...

    8 hours ago
  • CryptoMiningFirm Launches First XRP, BTC Mobile App: Earn...

    10 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.