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ux 8H

Unicas- the crypto financial institution opens branch in New Delhi

By VARINDIA - 2021-02-25

Unicas- the crypto financial institution opens branch in New Delhi

Unicas, the world’s first crypto financial institution with physical branches opened in Delhi will enable the users to access banking services for fiat and crypto, through the digital platform and the physical branches, both.

 

Cashaa- blockchain-based fintech, through a joint venture with United Multistate co-op society, launched Unicas in India, to allow users to transact in cryptocurrency and fiat from one account.

 

Unicas already has two physical branches operational in- Jaipur and Jamnagar. The new branch in Delhi would be the third one to go live. The physical branches are currently offering savings account facility and exchange facility to customers. Soon, it will be adding the lending facility to its services portfolio for India

 

In addition to this, Unicas also adopts the CAS token as its native cryptocurrency. Users who stake CAS tokens gain access to advanced banking services including- a high-interest savings account (up to 9.67% of interest rate). The CAS token is also used globally within Cashaa’s banking platform.

 

Dinesh Kukreja, Managing Partner & CEO of Unicas stated “we are proud to bring Unicas to the Nation’s capital. Delhi is a key market for us and we look forward to opening many branches to service India’s rapidly growing crypto market in a regulated manner. Overall, Unicas has handled a transaction volume worth INR 3 cr in less than 2 months of its launch. This reflects the trust users have in crypto.”

 

 “Cryptocurrency is the future. Currently, lack of awareness is the root cause of the speculations going around. Through Unicas, we are providing an opportunity for users to explore various facets of cryptocurrency and see how the asset along with the blockchain technology can take the entire banking experience a notch up. We have faith in the government and we understand that they will announce regulations that will help in the overall holistic growth of the industry and also tighten the grip over any scams running in the name of crypto,” said Kumar Gaurav- Founder and CEO, Cashaa.


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