In 2009, the first cryptocurrency -Bitcoin-, officially launched and since then has continued to roll into a snowball effect that poses a serious threat to the existence of conventional finance. As much money as the restless World Central Bank, the government seems helpless and dragged into the vortex of the evolution of the world's financial system. The COVID-19 pandemic has become a catalyst for forcing the entry of all financial and banking industry sectors into the digitalization era. Imagine a concept of a world without physical currency. It is strange, but real. Money will be removed and replaced with a digital currency system.
Cashaa is the world's first global banking platform that allows seamless integration of fiat and cryptocurrency in a single account dashboard. With more than 200 crypto companies banking with Cashaa, they hold the largest share of the crypto banking market in Europe. In addition to Unicas ventures in India, Cashaa will launch its services for private users in the US, UK and Europe in 2021 backed by CAS tokens.
Cashaa was launched in 2018 with a vision to provide banking solutions to Crypto Businesses and Individuals. With the aim of providing a single account for both old and new types of money, offering a comprehensive DeFi solution is another step towards achieving this. After successfully carrying out the main functions of the bank, Cashaa is uniquely positioned to be able to bridge between decentralized and centralized finance.
Cashaa started providing banking services using partner platforms in August 2019. Regulators and banks used to rate companies based on their industry such as cryptocurrency, gaming, gambling etc. To prove that not all companies dealing with cryptocurrencies are involved in money laundering, Cashaa joined more than 200 crypto companies in the last 12 months, where he collected big data for his regulators and banks.
With a vision to create a better bank, Cashaa worked with several regulated entities for many years and depended on the capabilities of their banking platform. This launch will see our new and existing clients offered business and personal banking facilities with all services enabled via Cashaa's internet banking platform.
Cashaa users will be able to take advantage of the growing DeFi ecosystem. Having been in the industry for a long time, Cashaa is well versed in the nuances of the crypto market like volatility. To protect its users from losing collateral, Cashaa will soon offer collateral insurance services.
Unicas — a crypto-friendly financial institution by Cashaa, has partnered with cryptocurrency exchange Bitbns to provide advanced banking services to Indian crypto traders.
This new partnership will enable Bitbns India users to become Unicas members and access their advanced banking services. Unicas banking services include- high-interest savings accounts, crypto-backed loans and debit cards that allow deposits and withdrawals in crypto and fiat. Currently, Bitbns has more than 1 million users who trade on its platform.
This partnership comes amid a rapid expansion plan by Unicas in India, announcing 14 physical branches in the next 45 days with the branch in Rajasthan starting operations on 28 December 2020. The brand plans to expand to 100 branches over a 2 year period. .
“Partnering with Bitbns will direct our banking product to crypto users who are currently restricted to using crypto for trading purposes only. India has unlimited potential because of the large number of young and middle-aged people who have significant wealth. As India is on the way to digitization, we aim to be a part of this national ambition,” said Dinesh Kukreja, CEO and Managing Partner of Unicas.
Unicas will offer India's first crypto debit card, allowing users to spend their cryptocurrency when making purchases. When making a payment with a debit card, the conversion from crypto to INR will be executed immediately on the Bitbns exchange. This will provide more liquidity to Bitbns and provide users with a market price exchange rate.
Cashaa is pleased to announce its joint venture with, The United Multistate Credit Co. Operative Society as part of India's expansion plan. The Joint Venture, UNICAS, will build the world's first crypto-friendly financial institution with physical branches and operations. UNICAS will start operating in December 2020.
- Open a savings account with a crypto wallet
- Loans against cryptocurrencies, gold and real estate
- Invest in cryptocurrencies, bonds and fixed deposits
- Fast expansion to more than 100 branches by 2022
- Buy cryptocurrency with cash at physical branches
The JV will allow Cashaa to access United's regulatory license, its physical branches, and the overall banking infrastructure. 'This will enable us to build, scale and offer financial and crypto products tailored for the local Indian market' said Mr. Dinesh Kukreja, Managing Director of United Multistate Credit Co. Operative Society , which has been appointed CEO of the Unicas venture .
Cashaa is a unique wallet built on a decentralized philosophy to bridge the gap between old money and new money. Some of the basics of developing a Cashaa personal account include:
- Your Keys, Your Bitcoins
- Full AML/KYC to prevent errors
- Ability to store and spend crypto and fiat
How is Cashaa different from other crypto wallets?
There are usually two types of wallets, centralized and decentralized. In a centralized wallet, you don't have access to your bitcoins (without a private key), but usually, they offer services like instant Bitcoin buying/selling, Bitcoin cards or no transaction fees. (Example: Coinbase, Xapo). A decentralized wallet is a wallet where you have full access to your bitcoins (you get a private key), but without many services and no AML or KYC checks because they are decentralized. (Example: Electrum and Mycelium).
CAS is a utility token used to access Bank accounts and Fiat-Crypto-Fiat lean services provided by Cashaa. The demand for these services will increase dramatically with billions of dollars being moved within and outside the DeFi ecosystem. With thousands of Individuals & Businesses ready to access Cashaa accounts and related services, the demand for CAS tokens will be exponential.
Cashaa will benefit from the hundreds of new people joining the DeFi revolution every day who don't want to deal with the complex and somewhat technical process of operating the DeFi protocol, including swaps and liquidity pools. We're building a 'super simple interface for DeFi'. Most of the services will work with just one click on your phone!
Our roadmap:
December 2020: Indian Market
The main tasks are:
Site
Unicas Branch modeling Unicas
Continuing the training of existing United employees
Unicas marketing roadmap execution with marketing agents
Other tasks:
Complete development of CAS integration in banking platform
Continuing development of USD banking services
Releasing a broker account on a new banking platform
Hire and train operations and support employees in the US
January 2021:
US Market Disposal of business and personal accounts in the US market.
Unleash the utility of CAS tokens on the internet banking platform
Execution of the launch marketing roadmap in the US
Hire and train operational and support employees for the European market
February 2021:
European Market Release business & personal accounts on the European market.
Marketing campaign to launch in UK and Europe
Development of foreign exchange services with international remittances
Cashaa DeFi (Cashfi) smart contract implementation
CashFi consumer loan development
March 2021: Worldwide (Cashfi)
Release of foreign exchange services for personal and business users
Release of Cashfi Beta on the Cashaa perbankan banking system
Marketing campaign for
Cashfi Mobile application development for Cashaa
Development of virtual card creation (Mastercard, Visa, Rupay and Unionpay)
Detailed Information:
Website : https://cashaa.com/
Telegram : https://t.me/cashaanews
Twitter : https://twitter.com/yourCashaa
Facebook : https://www.facebook.com/cashaaLtd/? ref=bookmarks
LinkedIn : https://www.linkedin.com/company/cashaa/
Youtube : https://www.youtube.com/channel/UCwRJjX6dNz49j3Pc0ROZJbg
author :Homio
Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=2865336
BSC Wallet Address : 0x3e9D0A5f1eA321a35AAec9629827123860d7Ea09