Uncertainty follows NPCI statement saying: 'We are not aware of any crypto exchange using UPI.'
"Purchases with this payment method are temporarily unavailable. Please try another payment method. Sorry for any inconvenience," read Coinbase's mobile application.
Coinbase, the largest cryptocurrency exchange in the US by trading volume, appears to have come to the attention of the National Payments Corporation of India after saying it would allow users to purchase cryptocurrencies using UPI.UPI is a real-time payment system developed by NPCI to facilitate inter-bank transactions using a mobile phone.
is an initiative of the Reserve Bank of India and the Indian Banks’ Association for creating a robust payment and settlement infrastructure in India., one of the most used e-wallets for cryptocurrency transactions in India, had also stopped the service amid regulatory uncertainty, the Economic Times said, citing sources.by Outlook on Sunday: “We are aware of the recent statement published by NPCI regarding the use of UPI by cryptocurrency exchanges.
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