In a groundbreaking move for India’s digital finance sector, Mesh teams up with CoinDCX to enhance the cryptocurrency transaction process for over 16 million users.
In a significant move for India’s burgeoning cryptocurrency sphere, Mesh, a cutting-edge embedded finance solution, has announced its alliance with CoinDCX, the country’s leading cryptocurrency exchange. This partnership is set to revolutionize the way digital assets are managed and transferred in India, providing over 16 million users with enhanced efficiency and user experience.
Mesh’s technological architecture is designed to streamline digital asset transfers and account aggregation. By integrating its services with CoinDCX, Mesh is not only broadening its reach into the Indian market but also leveraging CoinDCX’s substantial user base to catalyze the adoption of seamless transaction processes within the cryptocurrency ecosystem. CoinDCX, which emerged as India’s first crypto unicorn, symbolizes the rapid growth and potential of the country’s digital asset sector.
Bam Azizi, Co-Founder and CEO of Mesh, expressed enthusiasm about the breakthrough collaboration, emphasizing the pivotal role of the Indian market in the global crypto landscape. Azizi views the partnership with CoinDCX as a crucial step towards simplifying digital asset management in one of the world’s most dynamic financial markets.
Sumit Gupta, Co-Founder & CEO of CoinDCX, echoed similar sentiments, highlighting how the integration with Mesh marks a transformative phase for CoinDCX and its user base. He pointed out the critical need for solutions like Mesh to address the fragmentation and complexities within the cryptocurrency industry. With this partnership, CoinDCX aims to substantially enhance the usability and functionality of its platform for cryptocurrency enthusiasts and investors.
The announcement signifies Mesh’s ongoing efforts to construct an embedded financial ecosystem that caters to both businesses and end-users. Having recently completed its Series A funding, Mesh has raised over $40 million from notable investors, including Money Forward, PayPal Ventures, Galaxy, and Samsung Next, underscoring the widespread confidence in its mission.
CoinDCX, established in 2018, has quickly ascended as one of India’s most reliable cryptocurrency exchanges, boasting over 1.4 crore (14 million) registered users. The platform’s dedication to security, adherence to KYC and AML protocols, and its rigorous 7M Framework for listing crypto projects are indicative of its commitment to providing a safe and trustworthy trading environment. Furthermore, CoinDCX’s investments in pioneering Web3 projects through CoinDCX Ventures and its educational initiative, #NamasteWeb3, reflect the exchange’s broader vision to facilitate widespread digital asset adoption in India.
This partnership between Mesh and CoinDCX is more than a technical integration; it signifies a leap towards making India a forefront participant in the decentralized future envisaged by Web3. By simplifying the complexities of digital asset transactions, the collaboration is set to empower millions of current and future crypto users, signaling a major advancement in India’s digital financial landscape.