News Update

Bengaluru crypto startup Unocoin launches feature to pay highway tolls using Bitcoin

• ByAyushi Ray     |    September 21, 2021

Bengaluru crypto startup Unocoin launches feature to pay highway tolls using Bitcoin. “The platform facilitates electronic toll deductions without the hassles of waiting in queues. With this newly introduced feature, one can get smooth access to this service. The app user needs to deposit or purchase Bitcoin in the Unocoin Wallet along with a pre-secured FASTag sticker to avail of this facility,” Unocoin said in a statement. The National Highway Authority of India operates FASTag as a mandatory payment system to enable contactless toll payment for vehicles. Unocoin claims that with the new FASTag feature, users can choose among 17 operators listed on the platform. Once selected, the user would be required to enter the vehicle registration number and FASTag top-up amount. 

The top-up amount can be anywhere between Rs 100 and Rs 10,000, and users have to ensure there is enough Bitcoin in their accounts to cover for the highway tolls. Unocoin also claimed no extra charges or expenses are involved while creating a FASTag, and that users can make an unlimited amount of transactions throughout the day. 

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