Digital wallet provider Sylo has teamed up with India-based exchange Bitbns to serve the nation's revitalized cryptocurrency market.

Ever since India’s Supreme Court overturned central bank restrictions for crypto exchanges back in March, interest from traders and investors around digital assets in India has soared.
Now, Sylo and Bitbns want to capitalize on the growing demand by easing the process of buying and storing crypto assets for India's residents through the Sylo Smart Wallet.
According to New Zealand-based Sylo, sign-ups to the wallet app from India saw a 500% increase in the second quarter of this year, with local users making up 30% of the wallet's 250,000 users.
In the face of recent restrictions placed on social media platforms including WeChat and TikTok, Bitbns CEO Gaurav Dahake says India has been presented an opportunity to offer a "WeChat of sorts" platform, without compromising on privacy.
Sylo's wallet app (available on iOS and Android) is able to store, send and spend cryptocurrencies via a decentralized browser based on Ethereum.
It also allows messaging and video and audio calls.
The partners add the app can offer a solution for India's unbanked, only needing a phone number or email address needed to sign up.
Sylo's app is a key part of a project enabling users to buy Coke with bitcoin at 2,000 vending machines in Australia and New Zealand.
Bitbns is based in Banglore, Karnataka.

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