Bangalore, January 17 2017: Malaysia-based blockchain technology firm,  Belfrics, has launched its Indian Bitcoin exchange operations.   This will provide a highly liquid marketplace for buying and selling of bitcoins in  Indian rupees.
With  demonetization, the interestin the digital currency has increased  in India. Belfrics is set to tap the largely unbanked Indian population by providing a superior, yet simple peer-to-peer digital currency trading platform through desktop and mobile devices. 
Belfricsalso will be introducing POS and bitcoin payment gateway for online and retail merchants . Consumers will be able to transact in bitcoins with these merchants without any additional charges. Belfrics will  utilize its international expertise in blockchain and decentralized application development to bring transparency, efficiency and neutrality in to the financial sector transactions.
Said CEO Praveen Kumar: “The element of neutrality that the blockchain can bring to the financial system, without the involvement of an intermediary or a regulatory body, is going to redefine the way in which assets are transacted.” 
Belfrics will be partnering with public and private institutions in India to effect a large-scale blockchain adoption. The company is currently present in Singapore, Malaysia, Kenya, Hong Kong and India. It  is owned and run by Indian entrepreneurs and is headquartered in Malaysia.