Coinsecure, India’s leading bitcoin exchange, has announced its partnership with Netki which will allow its bitcoin wallet users to create their own wallet names.

“Coinsecure’s partnership with Netki enables users to generate a wallet name, turning a complex Bitcoin address into a simple to remember domain name such as yourname.coinsecure.me. Netki provides uniqueness and exclusivity along with simplicity for digital currency owners”, said Mohit Kalra,Coinsecure’s Founder and CEO, in a statement.

Currently, in order to transact, a bitcoin user requires their 32 character bitcoin public wallet address. With Netki’s Wallet Name service, Coinsecure users will be able to easily create their own wallet names in the format to eliminate concerns while dealing with complicated codes.

“We look forward to our users benefitting from Netki’s unique concept where each user can seamlessly send funds to a domain and store their friends,’ family’s and work colleague’s wallet names under their contact details as a url”, Kalra added.

Netki’s Wallet Name Service aims to provide a global digital currency ecosystem with an open standard based approach to effectively and securely eliminate the need for users to interact with complicated public wallet addresses. By creating Wallet Names that are easy to remember and easy to type as a domain name, the service removes the possibility of human error in address entry.

“We’re thrilled to partner with Coinsecure on their mission to drive adoption of digital currency in India by helping them make the process of transacting with bitcoin, easier for their customers”, said Justin Newton, CEO/CTO and Founder of Netki.

Coinsecure and Netki aim to facilitate broader adoption of digital currencies by developing products and services that can appeal to and can be utilized by anyone intending to make the use of use of cryptocurrencies more mainstream.

Source : http://www.econotimes.com/Indian-Bitcoin-Exchange-Coinsecure-Partners-With-Netki-176112

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