India’s mobile payments giant Paytm may also add cryptocurrencies such as bitcoin to its product range if legal uncertainties in the country clear up.
Paytm’s CFO Madhur Deora told Bloomberg TV on Thursday that cryptocurrencies are still in India. “in the gray zone” said that.
“Bitcoin is still in the gray zone in India even though there is no legal ban. Paytm does not use bitcoin at this stage. In the country completely legal If it becomes a problem, of course, there may be some services we can offer.”
Paytm, which was founded in 2009 and has more than 300 million users today, 2.4 billion dollars targeting an IPO. According to the announcement made this week, the company is made up of more than 100 institutional investors, including BlackRock and the Abu Dhabi Investment Authority. 1.1 billion dollars managed to collect
Paytm, which is preparing to be listed on the stock market in the middle of this month, Signing its biggest IPO ever Waiting.