KuCoin New Currency Observation: Cashaa - A New Commercial Bank in the Blockchain Era

2020-12-24 11:49

Read this article in 6 Minutes

AI summary

View the summary

Original title: " KuCoin New Currency Observation: Cashaa - A New Commercial Bank in the Blockchain Era 》

Original source: KuCoin

In today’s globalized world, many companies and individuals are still not fully served by banks. Therefore, Cashaa uses blockchain technology to create a friendly bank for them, allowing more people/businesses to have financial freedom.

This issue of KuCoin blog will introduce you to Cashaa (CAS ), a new generation of commercial banks.

1. About Cashaa

Cashaa is a company located in London The world's first cryptocurrency-friendly banking platform. It provides a global banking solution where users can conduct banking transactions using fiat and cryptocurrencies. Currently, Cashaa is providing banking services to hundreds of leading encrypted business platforms around the world. These include project parties COTI, MATIC, Nexus Mutual, exchanges Liquid, BitBNS, CoinDCX, etc. Cashaa provides them with Internet/cross-border banking/fiat currency foreign exchange services.

The Cashaa platform has the authority to open accounts in the UK, the US and Europe, and supports remittances in 210 countries around the world. In more than 20 minutes, we have cooperated with more than 10 e-commerce and industrial merchants to launch small and micro loan services (Amazon, Ebay, etc.). It is expected that in January 2021, Cashaa will open its banking services to individuals.

2. How much is Cashaa worth?

By utilizing the open architecture of the blockchain, Cashaa enables people with and without bank accounts to participate in the global economy fairly, while at the same time It provides more comprehensive banking services for enterprises and individuals, and promotes low-cost currency exchange.

Promote financial products for the banked and the unbanked: Cashaa's digital and transparent offerings are not only attractive to the banked demographic, And it can also provide financial solutions for 2.5 billion unbanked users around the world, thus creating a unique cross-border platform that can serve global users.

● Facilitate low-cost foreign exchange transactions: Supported by an industry-leading technology platform and dealer network, it can provide users with the best foreign exchange rates.

●Promoting global economic investment: Cashaa products can enable users to enter the global economy in a decentralized manner. They can facilitate the transfer of value across borders, enabling higher yields and enabling more diversified portfolios.

3. What is CAS token?

CAS supports the Cashaa banking ecosystem, as the native token of the Cashaa platform, CAS has a variety of application scenarios, including purchasing and unlocking corporate Account functions, foreign exchange fee discounts, unlocking account permissions and limits, pledge unlocking benefits and more personal features, payment of crypto asset transaction fees. The total circulation of CAS is 1,000,000,000 pieces. Token distribution is as follows:

Token sale: 51%

Company reserve: 24%

●Team and consultants: 20%

Marketing expenses: 5%

4 , Banking Solutions for Crypto Investors in India

In October this year, Cashaa launched UNICAS in partnership with the United Multistate Credit Union of India , UNICAS has established 22 physical branches in India to provide users with traditional banking services and encrypted banking services, allowing Indian companies and individuals to open savings accounts. And provide users with the following services:

Open a storage account through an encrypted wallet

Encrypted currency, gold and real estate loans

Invest in cryptocurrencies, bonds and fixed deposits

Buy cryptocurrencies for cash at physical outlets

It is expected that in 2022, UNICAS will expand rapidly to more than 100 branches.

Cashaa's greatest strength is its partnership with banks and regulators, all of which are part of the Cashaa ecosystem. Whether Cashaa's grand vision can be realized, let us wait and see!