Giottus Announces Free INR Deposits And Withdrawals With Guarantee Of Withdrawals In 10 Minutes
Giottus Announces Free INR Deposits And Withdrawals With Guarantee Of Withdrawals In 10 Minutes
March 5, 2020
Giottus Announces Free INR Deposits And Withdrawals With Guarantee Of Withdrawals In 10 Minutes
Giottus Announces Free INR Deposits And Withdrawals With Guarantee Of Withdrawals In 10 Minutes
March 5, 2020

Giottus, a Tamil Nadu based Indian cryptocurrency, announced free INR deposits and withdrawals with a guarantee of withdrawal in 10 minutes.

As the Banking Ban from RBI has been quashed by the Supreme Court, it has been reported by Giottus in an announcement that crypto exchanges will be free to open bank accounts and provide INR deposits and withdrawal services to their users.

However, the exchange is offering Zero Fee INR deposits and withdrawals. For the next two days, until March 7, the exchange is also waving off trading fees.

On asking why they removed the fees, Vikram Subburaj, the Co-founder of Giottus, said that it is time to celebrate.

Subburaj added:

“Supreme court has removed a big obstacle today and we are trying to do our bit to make customers feel that the golden days are back. Time is money in Crypto. By enabling instant deposit and withdrawal, we believe that we are not just giving back time but money.”

It has been analyzed that Giottus is still using a partner-based deposit, thereby they are giving bank accounts of their INR partners where users can deposit the money after opening a request.

ALSO READ :  Ben Askren Says ‘I think XRP is a scam’

Once the amount and form of payment are set up, users will be matched with a deposit partner. They can only send money from the registered and verified bank account set up with the exchange. If they don’t set up their UPI, they can choose the IMPS deposit.

Likewise, Giottus says that the INR withdrawals are processed in 10 minutes, and if they are not processed in 10 minutes, then the user gets 10 XRP as a reward.

Earlier, Giottus took up to 30 minutes to process these transactions. So, this is a vast improvement.

Thus, users can take advantage of the opportunity.

Source: coincrunch.in


Disclaimer

Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.