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How did @coinbase Support @UPI_NPCI Payment support for Indian Crypto Lovers ?

Stay tuned and will write a detailed thread today.

1. How did they do it ?
2. Which PA is Involved ?
3. What is the risk which a Coinbase India user is exposed to ?
1/n @RBI @dilipasbe @NPCI_NPCI

How did @coinbase support Payment acceptance for #Crypto in India?

Coinbase a Global leader hatched a plan by using #ShellCompanies to get Payment Methods enabled through Payment aggregators and banks such as Cashfree, BoB, IndusInd and ICICI.
@gocashfree Supported them by issuing UPI VPA created in their own name :
cf.softewaregiant@indus
cashfree.pay@icici
cf.troxoverseas@indus

Cashfree had also provided them with Payout Solutions to add money apart from UPI as a method.

So Cashfree used their own account?
Read 46 tweets
1/ #Coinbase $COIN- The Big Cryptocurrency Revolution,
The world watches as the largest #cryptocurrency exchange is now set to go public on NASDAQ through #directlisting. With 56M users, the platform is bigger than its traditional counterparts (#Robinhood, #Venmo , etc).
2/ Opening New Doors for Investors
The day will be marked as a historical event in the books of #WallStreet as it bridges the gap between legacy investors and the #cryptomarket.
The quarterly results have already shown a surge of 847% i.e. $1.8B revenue
3/ Why is now the right time to go public?
This move takes advantage of the current market conditions.

The last two quarters have seen investments of $7B in #Bitcoin. Major companies like $TSLA and @elonmusk have also shown keen interest in Bitcoin & Crypto
Read 9 tweets

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