Cryptocurrency firms gear up for new products after RBI ban removal, Technology News, ET…

Cryptocurrency companies such as Bank of Hodlers and WazirX have started working on new offerings following a Supreme Court order that overturned a Reserve Bank of India notification restricting banking access for virtual currency trading.

Darshan Bathija, cofounder of Bengaluru-based Bank of Hodlers, said the company was building multiple offerings for consumers.

“To start with, we are integrating with RazorPay and Cashfree this week, which will be our payment gateway. After that, we will start focusing and enabling peer-to-peer transactions,” he said.

The company will also enable UPI transactions for cryptocurrency in the next few months, Bathija added.

“With the banking ban lifted, we can now innovate around these offerings and also work with banks who were ready to integrate with our products two years back,” he said.

The virtual currency industry had come to a standstill following RBI’s April 2018 circular that had prohibited the use of banking…