Coinsecure Co-Founder: Bitcoin’s future in India will get a lot more exciting with time

Coinsecure, a bitcoin exchange based in India, aims to build some amazing products to make it easier for Bitcoin users across India. Benson Samuel, CTO and Co-founder spoke to CoinTelegraph about the company, upcoming projects and what the future holds for bitcoin and Coinsecure.

He said that besides the exchange, they are working on delivering a wallet and a merchant gateway. The team also conducts educational events to engage with people for better understanding of bitcoin.

When asked about the future of bitcoin usage in the country, he replied, "Bitcoin's future in India will get a lot more exciting with time, as more startups adopt Bitcoin and more tech is delivered around it for India."

Coinsecure's aim is to build a product that can funnel an ecosystem, either by using its API or by conducting arbitrage on its platform, he said.

At present, bitcoin exchanges like Coinsecure are needed to convert the digital currency into Indian Rupees. However, over the next 5-10 years this will change and people will start using bitcoin directly as they receive it, he added.

He continued, "In the meantime, we are releasing our version of a bitcoin wallet, which will provide off-chain capabilities, which will allow transactions as low as 1 satoshi with no fees and we will grow this into an on-chain solution option over the coming months."

Samuel concluded saying that there is a significant amount of interest in the bitcoin space and it is just a matter of time, before it provides options for investment, "which is when this will start to look like an Industry."