In this era of “there’s an app for everything”, a Bengaluru based start-up is offering politicians and businessmen an easy way to convert all their black money that they’ve stacked in real and proxy foreign bank accounts into “bitcoins” to safely hide them under anonymous bitcoin wallets. Currently the service is open only for Indian politicians and high net worth industrialists with high volume conversion needs.

The start-up “SafeKaalaMoney.com”, founded by two IIT-Delhi drop-outs Mithun Agarwal and Sourabh Pathak, started registrations two days ago but soon faced a server crash due to an unanticipated number of users flocking to utilize the service. The company quickly changed its service to “Invite-only” and rolled out its first few offerings to elite politicians who it thought could become their premier users. The first bunch of lucky users included Karnataka political veterans like B.S Yeddyurappa, H.D. Devegowda and S.M.Krishna.

The start-up is hiring all sort of engineers – front-end, back-end, middle-end, central-end, design and test-engineers – to quickly scale its powerful service to nation-wide political clientele. SafeKaalaMoney’s Marketing head Mr.Mani Sudheendran opined that the product has huge potential in practically all parts of the nation, but the company is particularly trying to focus on extraordinarily ludicrous market of Uttar Pradesh and Bihar belt which has such heavy weights like Mulayam, Mayavati and Laloo.

Funding is already pouring in for the start-up as investors who were impressed by PM Modi’s “Invest in India” campaign now see a very promising start-up that is focusing on a market that has no saturation limit at all. “You see,” Dr. Donald Reed, Chief of Investment Strategies at KPCB, stated, “this is an amazing market. There’s no shortage of corrupt people entering politics and making big money. And one day or the other, they’d think of safeguarding their hard-earned money. That’s when technology comes in handy. Hats off to the visionary founders of SafeKaalaMoney.com who came up with this idea.”

In related news, Ram Jethmalani has said he’ll file a fresh PIL with the Supreme Court seeking to get back all the black bitcoins that rightfully belong to the Indian public.