Zebpay, an Indian cryptocurrency exchange platform has added another cryptocurrency to its platform, Ethereum. Zebpay already has other cryptocurrencies such as Litecoin, Ripple, Bitcoin and Bitcoin Cash. This announcement has all the users up on their feet as prices started shooting up within of the news is out.
The news has been received well and Ethereum showed a growth of 19% in under 4 hours of the news being released in India touching $998, slightly higher than the global average of $867.
Zebpay has declared the news at the right time, with two major news affecting the Indian market released, first being the Prime Minister of India recently showing his support towards blockchain technology and second the Canada-India partnership to bring about a blockchain revolution.
The Prime Minister of India, Narendra Modi says,
“Technologies such as Blockchain and the Internet of Things will have a profound impact. This will require rapid adaption in our workplace.”
Zebpay announced the new via email that says,
“Adding another cryptocurrency – Ether. You can now buy, sell and trade ether from our address.”
Arjun Tilak, a crypto enthusiast says,
“One announcement and partnership deal made at the right time and the announcement of Zebpay is going to be the reason for a Ether revolution in India.”
Kiran Jain, a professor in Jain College in India says,
“Just a few days back, India was in the spotlight because of the misconception of the ‘banning bitcoin’ which caused a lot of panic and here it is, yet again in the spotlight but this time for all the right reasons.”
Zahid Ansari, a quantitative analyst at Bombay Stock Exchange says,
“Zebpay made Ethereum transactions happen on its platform. Is it still a ‘bubble’ or is this actually happening and people are finding it hard to accept it. Things are a-changing people!”
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Source: New feed