Toss of a Bitcoin. Forbes India is your destination for business, stock market, startup and technology news, and a peek into the lives of India's richest and most famous. The founders of Zebpay, a bitcoin exchange, believed in the cryptocurrency way before it became fashionable. Now, they are reaping the benefits. With a minimum initial investment of $ worth of bitcoin, Mirror Trading International uses exclusive strategies and trading bots which provide a steady revenue to MTI members. Forbes India.
Bitcoin forbes indiaZebpay And Its Big Bet On Bitcoins | Forbes India
The recognition is also prompting retail investors to buy bitcoins for the fear of missing out. As more investors get involved, the demand for bitcoin increases, and because supply is limited [at 21 million bitcoins], the price is bound to increase.
This is definitely not a bubble. It is the most amazing technology to have been invented after the internet. After the global financial crisis of , many feel that the actions of central bankers have been reckless, and it is no wonder that these people are attracted to a currency that is not subject to the whims and fancies of central bankers.
There is madness on both sides fiat currencies of advanced countries and cryptocurrencies and it is best to view both with equal detachment. Cricket Life in a bio-bubble, by Wasim Jaffer. Little chaos, more Chaayos. News By Numbers: One death by suicide every 4 minutes in India. Vikas Khanna: Meals to go before he sleeps. Photo of the Day: Net practice. Hundreds of Google employees unionize, culminating years of activism.
In a Topsy-Turvy pandemic world, China offers its version of freedom. How we survived: Zypping through a pandemic. What the Zebpay founders also understood was that getting a user base was critical and now, with a million downloads of the app in just over two years, they have quickly come a long way. Exchanges are a sticky business, and buyers and sellers rarely move from one exchange to another as they want to stick to an exchange that has higher volumes. Goenka, COO, agrees the increase in the number of downloads has a lot to do with the price of bitcoins, which has gone through the roof.
But when we started Zebpay we had no idea the price would shoot up. We were here to build a business model and not play the valuation game. A display monitor with cryptocurrency exchange rates, which are quoted in US dollars Image: Shutterstock Both Agrawal and Goenka credit Gupta for his knowledge about bitcoins and his vision to start a company that would do business in the cryptocurrency space.
Gupta, 34, the CTO of Zeb Ventures, is a software engineer who began his career with Zeus Learning in and then started his own company Triston Software Solutions where he got the opportunity to work for an Australian bitcoin exchange in For months he was intrigued by the concept and studied the technology. He also realised that bitcoin would become much more than just a cryptocurrency and decided to make a career in the field.
Meanwhile, Goenka, 39, in a parallel world, was also developing an interest in bitcoins. But technology remained his first love and though he adopted technology in various departments, including a cloud-based ERP a business process management software , he wanted to do and learn more. In May , along with a friend, he started an app company for which he went about looking for funding. After meeting a few such investors, Goenka dropped the idea of starting his own company and, taking a break from his family business, decided to become an angel investor himself.
He invested a small amount of capital in the technology space thinking he would get to learn more about technology. He asked Gupta to meet him at a restaurant. Two hours into the meeting, he decided to join him in his venture instead. This story appears in the 27 October, issue of Forbes India. You can buy our tablet version from Magzter. To visit our Archives, click here. Cricket Life in a bio-bubble, by Wasim Jaffer. Little chaos, more Chaayos. News By Numbers: One death by suicide every 4 minutes in India.
Vikas Khanna: Meals to go before he sleeps. Photo of the Day: Net practice. Hundreds of Google employees unionize, culminating years of activism. In a Topsy-Turvy pandemic world, China offers its version of freedom.