Up fourfold, but bitcoin still a suspect; can save India $7 billion every year
    Crypto-currency bitcoin still has few takers in India despite its stupendous rise elsewhere. But bitcoin wallet provider Zebpay is confident of rapid adoption in the country in the days ahead and says it can save India $5-7 billion in remittance fee alone every year. 

The Singapore-headquartered firm started India’s first bitcoin exchange in 2012, and has offices in Mumbai and Ahmedabad. 

India has been at least three years behind the world in embracing the bitcoin. Zebpay says its mobile app downloads have already crossed the 10 lakh mark and trading volumes are doubling every four months. 
    Wild swings in the non-fiat currency earlier this month did not help generate confidence among potential users. 

The digital currency tumbled nearly 35 per cent between September 1 and September 15 in India, but bounced back 24 per cent to trade at Rs 2,79,262 per bitcoin on September 18 compared with Rs 2,25,121 on September 15.