A2ZCrypto OTC DESK

A2ZCrypto: Revolutionizing Crypto to INR OTC Trading in Kolkata, India

We're excited to emerge from stealth mode and introduce our inaugural product, but let's not overhype it. A bit about us first: Established in 2020 and based in Kolkata, A2ZCrypto is a virtual digital asset service provider specializing in crypto asset education and crypto Over-The-Counter (OTC) transactions. A2ZCrypto is registered with the Financial Intelligence Unit India (FIU-IND) as a Reporting Entity under the Prevention of Money Laundering Act (PMLA).

Our A2ZCrypto swap exchange marks India's pioneering centralized non-custodial swap, designed to tackle the challenges within the P2P trading landscape. It's the initial stride towards our vision of constructing a Centralized Non-Custodial Exchange platform, ensuring that investing in Virtual Digital Assets remains safe, compliant, and transparent. Collaborating with XREX Inc., renowned for developing and scaling technology/security enterprises worldwide, and leveraging our insights into the difficulties encountered by novice Crypto users, we've crafted this #SWAP.

Let's delve briefly into why P2P trading is burgeoning in India alongside the associated issues, which we endeavor to rectify.

The crux of the issue lies in most crypto exchanges in India halting deposits and withdrawals of Crypto, resulting in a surge in P2P trading volumes. Consider an individual receiving payment in Crypto in India; they must convert it to INR for sustenance. Unfortunately, many fall victim to scams or have their Indian bank accounts blocked due to receiving INR from fraudulent P2P exchanges. They might not even be culpable.

Decentralized P2P exchanges are poised to exacerbate this banking freeze predicament. To mitigate this, we partnered with XREX and implemented Contract Bitcheck to conduct P2P transactions, enabling both buyers and sellers to verify IDs and contact details beforehand, offering a layer of protection against fraud. However, this process was sluggish and could only facilitate a handful of transactions due to multiple manual steps.