Zebpay to Cease Operation

Reason for this decision is  reported to be the restrictive policy of the central bank in respect of cryptocurrencies
28 September 2018   585

Indian trading platform Zebpay announced the closure of the exchange service. The reason is the restrictive policy of the central bank in respect of cryptocurrencies.

The exchange of cryptocurrency on the platform will be stopped on September 28 at 16:00 local time. All unsettled orders will be canceled, and funds will be credited to customers on Zebpay wallets.

The curb on bank accounts has crippled our, and our customer’s, ability to transact business meaningfully. At this point, we are unable to find a reasonable way to conduct the cryptocurrency exchange business. As a result, we are stopping our exchange activities.
 

Zebpay Team

Despite the halt of operations on the exchange , Zebpay's wallet functions will be retained.

Zebpay started operation in 2015. The platform app quickly became one of the most popular in India. The total number of downloads Zebpay for iOS and Android-devices reached a mark of 3 million. The application allowed to work with 22 trading pairs on the basis of 20 cryptocurrencies.

In July, the Indian exchange Zebpay suspended the withdrawal of the currency against the backdrop of restrictive measures by the authorities and, in particular, the ban on the provision of banking services to cryptocurrency companies.

Coinbase US Customers Can Convert Crypto to Gift Cards

Coinbase customers received interesting proposal right before Christmas gifts purchase time
11 December 2018   42

The largest US cryptocurrency company Coinbase announced the expansion of partnership with a London startup WeGift.

Using the Coinbase wallet, American users can buy gift certificates from dozens of retailers, including Uber, Nike and Gap.

To do this, users need to visit the website of the WeGift service and associate it with the Coinbase wallet. As a bonus, when purchasing gift certificates, users do not have to pay a withdrawal fee.

Earlier, this opportunity from Coinbase and WeGift was available only in a few EU countries.