As cryptocurrency exchange Coinbase Global Inc. (NASDAQ:COIN) forayed into India and said it was working on getting UPI on its platform for all users — the National Payments Corporation of India, a subdivision of the country's central bank, sought to disassociate itself with the move.
Coinbase on Thursday launched its service to allow for the trading of cryptocurrencies such as Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE), in India at an event in Bengaluru. It said it rolled out UPI payments for some of its users with a "Join UPI waitlist" on its platform and said that it is working to broaden its product offerings in the country. The company executive had further added that the users in India would be able to top money to and withdraw from their wallets using the UPI network.
