India’s bitcoin exchange
WazirX is India’s bitcoin exchange and the first to offer auto-matching P2P engine (peer-to peer) has launched its token sales (WRX). It was launched over Binance Launchpad, Binance’s token launch platform that supports transformative blockchain projects. Binance Launchpad’s token sale will begin at 00:00 UTC, February 3, 2020. A lottery ticket claim will be available.
WazirX is focused on solving the fiat-to-cryptocurrency conversion problem and simplifying the process of depositing and withdrawing fiat. Over 200,000 Indian users can deposit and withdraw cryptocurrency. WazirX also offers a peer-to-peer service that allows them to cash in or cash out Indian rupees to cryptocurrencies. An estimate suggests that India has more than 5 million cryptocurrency traders. This number is growing at a rapid pace. This trend will be further fueled by the launch of WRX on Binance.
Binance Launchpad will continue to support innovative blockchain and crypto start-ups in 2020. Despite the fact the crypto industry is growing, sonversion from crypto to fiat and vice versa remains a major barrier to crypto adoption. CZ (Changpeng Zhao), Binance CEO and founder, stated that WazirX’s team found a solution to this problem through the development of a unique P2P platform. “The WazirX token sales on Binance Launchpad will allow WazirX technology to be introduced outside of India. It will also enable Binance and the wider Binance community to learn more about the WazirX team and provide support.”
“WazirX P2P greatly helped India take part in the crypto revolution. WazirX CEO Nischal Shetty said that they are determined to help millions of people onboard to crypto. This is by solving the fiat to cryptocurrency problem worldwide with the first auto-matching P2P engines. WazirX attracted all of the early crypto adopters from India to WRX, and it is currently the most used exchange token in India. The IEO of WRX is going to help us solve the fiat-to-crypto conversion problem in many other countries.