India’s one of the major exchange Unocoin is going to launch its own crypto ATMs in India. Sathvik Vishwanath, Unocoin’s CEO, recently confirmed that they are launching the ATMs and it may take about a week more to get in operation.
Right now the ATMs will be exclusively for Unocoin customer and it may support five crypto currencies ( BTC, ETH, XRP, BCH & LTC).
After the Reserve Bank Of India put a ban on banks to provide services to the cryto exchanges its being a tough time for the exchanges to continue their operations. The exchanges have only option for cryto to crypto and P2P trading. The biggest exchange Zebpay has already suspended its trading services last month. Finding out an alternative way for fiat to crypto trading. Unocoin has taken a great step by launching its crypto ATMs overcoming the regulatory uncertainties in India.
Indian crypto community responded positively and lots of excitements can be seen in social media.