back Back

Coincover Technology selected by Belfrics India to secure crypto assets

By Leandra Monteiro

December 06, 2021

  • Anti fraud
  • Belfrics India
  • Bitcoin

Coincover, Belfrics India, IndiaCoincover, one of the world’s leading providers of protection for cryptocurrency, announced that Belfrics India has selected Coincover’s technology to help safeguard its clients’ crypto assets against fraud and theft.

Belfrics is a global blockchain and cryptocurrency exchange firm. Its multi-feature trading platform for digital assets and cryptocurrencies includes Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH) and Belrium (BEL) among others. Founded in 2014, Belfrics is headquartered in Malaysia and operates in seven countries, including India.

According to recent data by TripleA India now has the largest number of crypto owners in the world with over 100 million owning cryptocurrencies, or 7.3% of the population. Demand continues to grow as more Indians are working for overseas companies and are choosing to be paid in crypto over traditional currencies because of the ease of conducting international transfers and lower transaction fees compared to bank transfers. The total volume of crypto transactions in India has increased by 30% in the last year.

“We are very excited to help Belfrics protect their customers’ crypto investments. Our technology provides peace of mind for investors and regulators alike and will enable Belfrics to attract new customers to crypto,” said David Janczewski, CEO at Coincover. “Global growth has been phenomenal in the past 18 months and Coincover is helping investors enter this high-growth market by mitigating risk and improving insight.”

“Crypto continues to gain acceptance globally and adoption is accelerating in India. With 1.38 billion people, India holds the potential for significant growth in the next few years,” said Praveen Kumar, founder & CEO at Belfrics Global. “Coincover enables us to better attract potential crypto investors by reducing uncertainty and risk. We believe this reassurance will draw a whole new category of investors to cryptocurrency in India.”

Previous Article

December 06, 2021

TrueLayer appoints Sebastian Tiesler as Country Manager for Germany

Read More
Next Article

December 06, 2021

Paymentology and Tutuka to form a new payment and card processing powerhouse

Read More

IBSi Daily News Analysis

UAE, money transfer

May 23, 2024

Anti fraud

By 2034, the digital remittance market is expected to reach $83.2bn, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

May 08, 2024

Revolut debuts crypto trading platform for professional traders

Read More

April 24, 2024

Network International receives SVF licence from UAE Central Bank

Read More

April 22, 2024

Midas raises $45m to roll out crypto, mutual fund & savings account products

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023