Unocoin – India’s first entrant in the Crypto space, Unocoin has launched a new app feature that supports users with FASTag account top-ups and a hassle-free interstate commute. FASTag is an electronic toll deduction system that is being operated by the National Highway Authority of India as a mandatory payment system to enable contactless toll payment for vehicles. The platform facilitates electronic toll deductions without the hassles of waiting in queues. With this newly introduced feature, one can get smooth access to this service. The app user needs to deposit or purchase Bitcoin in the Unocoin Wallet along with a pre-secured FASTag sticker to avail of this facility.
With the new FASTag feature, one can choose any of the seventeen operators listed on the platform. Once selected, the user would be required to enter the vehicle registration number and FASTag top-up amount. This figure could start with a minimum payment of INR 100 and can rise to a maximum of INR 10,000 while making sure that there is enough bitcoin in your account to cover it. No extra charge or expenses are involved while creating a FASTag. Also, one can make an unlimited amount of transactions throughout the day.
Commenting on the new service, Mr Sathvik Vishwanath, CEO & Co-Founder said, “In a bid to celebrate the increased usage of Crypto users on our platform, we introduced bitcoin as a new mode of payment gateway for FASTag. With this development, Unocoin aims to make the interstate travels seamless and encourage more Indians to adopt this smooth method of payment for various other transactions as well”.
“We currently have 1.38M+ cryptocurrency users on our platform”, he adds.
