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Crypto punters vent online over WazirX payment snag
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ETtech
Illustration: Rahul Awasthi
Since Saturday morning many traders could not place bets on India s largest crypto-currency exchange WazirX as they were unable to transfer funds to the bourse.
Annoyed punters took to social media and reached out to the exchange, WazirX which said that the delay in accepting funds was due to a network issue at our banking partner s end. It promised that the money that was debited from traders accounts would be credited back ASAP. Your funds are safe, assured the exchange.
A number of traders in India were keen to build new positions in the run up to Tesla chief and crypto supporter Elon Musk s appearance on Saturday Night Live (SNL) a sketch comedy show on US television. But, in a way it was a blessing in disguise. Traders everywhere had felt that Musk would talk up Dogecoin (one of the hottest crypto-currencies). In hindsight, a number of them were shielded
Paytm Payments Bank hits 970M digital transactions in March
Noida-based fintech startup Paytm Payments Bank s banking service counts over 64 million bank accounts, with deposits crossing Rs 3,200 crore.
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Paytm Payments Bank on Tuesday said it
registered 970 million digital transactions in March 2021 with growth reported across its various services, including
UPI, Wallet, and internet banking, among others.
The Noida-based fintech s banking arm said it is opening an average o
f one million savings and current accounts per month.
Paytm s Wallet services saw a growth of 15 percent in transactions month-on-month, the startup said, adding over 78 percent of its 325 million account holders use the service on a daily basis.
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