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Meet ‘the Stripe of blockchain’

Living in China in 2016 and 2017, Aniket Jindal saw firsthand the blockchain revolution taking shape across startups, cryptocurrency exchanges, developer communities, and token miners.

However, he realised that the development and mainstream adoption of decentralised applications (DApps) and Web 3.0 apps were complex, rigid, and involved several steps.

In an interaction with YourStory, he says, “After I moved back to India in 2018, I decided to launch Biconomy in order to simplify development and adoption of DApps by building easy-to-use transaction infrastructure for DApps and Web 3.0 apps.”

Started with co-founders Ahmed Al-Balaghi and Sachin Tomar in March 2019, Biconomy provides APIs that enable simple and customised transaction journeys for developers so that end users don’t get frustrated by the less-than-desirable UX of DApps. 

Aniket compares Biconomy’s offering to Irish-American fintech startup Stripe’s payment processing software and application programming interfaces for ecommerce websites and mobile apps, which are known to have simplified the payment infrastructure layer for developers. Read more.

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“Stripe simplified the game for payments. We want to do the same for transactions in blockchain… The vision is to enable users to use DApps without even realising blockchain technology is being used in the backend.”

Aniket Jindal, Co-founder, Biconomy

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