This Startup is Revolutionising​ The Banking Future With Blockchain

This Startup is Revolutionising​ The Banking Future With Blockchain

Blockchain Startups
December 23, 2019 Editor's Desk
2980
Founded in 2016, Cashaa built a Blockchain-powered fintech platform to bank the underbanked. Cashaa designed a unique solution to attend the banking needs of businesses who want to utilize the new money without cutting themselves from the present banks, or making a Token sale, running a crypto exchange, ATM, or building Wallets to link crypto
Cashaa

Founded in 2016, Cashaa built a Blockchain-powered fintech platform to bank the underbanked. Cashaa designed a unique solution to attend the banking needs of businesses who want to utilize the new money without cutting themselves from the present banks, or making a Token sale, running a crypto exchange, ATM, or building Wallets to link crypto and fiat. Cashaa’s goal is to create a trouble-free experience for STO-backed companies, wallets, exchanges, and brokers.

Cashaa’s solution challenged legacy banking, giving people authority over their money and delivering blockchain innovation to the masses. Cashaa turned out to be a change that was approved by more than 53,000 people from 119 countries during its token sale.

Cashaa became one of the top 20 most influential blockchain companies worldwide by ‘Rise.’ It received many awards and recognitions, such as Best technology provider of the year 2018 by Entrepreneur magazine; The Europa’s award – 2018 by Tech Crunch nominated Cashaa as a ‘Hottest Crypto Finance Project.’

It was also one of the top 3 finalists of the BBVA Open talent 2018 award for ‘Fintech for People.’ Cashaa has been chosen as one of the Emerging 50 Rising Stars, as part of the Fintech 100 list for 2018 by KPMG and H2 Ventures.

Cashaa is founded by Kumar Gaurav, a successive entrepreneur who has received outstanding status by the United States government and was nominated among the World’s Top 50 Innovators from the Industries of the Future.

Cashaa’s offers products like CMC wallet, IBAN, cards, and CAS-Invest. UK Current Account is useful for one’s local and international banking. Cashaa renders exceptional online banking services.

All UK current accounts are linked with BACS, SWIFT, CHAPS, and Faster Payments network to obtain and send money from any bank in the world.

The card will complement the UK’s current account and wallet, which will enable connecting virtual assets with global payment networks.
CMC wallet for businesses holds all the security and compliance features together with API access to combine the features to business CRM and payment systems with an advanced utility to produce multiple admins, maker and checker option for a day to day business operation.

Cashaa Multisig wallets come with an inbuilt AML and Compliance system, which examine transaction patterns on the Blockchain address. It employs multiple risk indicators, data science techniques, and behavioral analysis to make a report which warns people before they start transacting with any address involved in any crime or suspicious activity.

CAS or Cashaa coin is a cryptocurrency designed by Cashaa. Cashaa Coin (CAS) powers the Cashaa ecosystem. As the native coin of the Cashaa platform, CAS has various use cases: Staking done for personal banking services, maintaining an average balance for complementary services, paying for transaction fees on the Cashaa exchange, etc.

RBI’s antagonistic crypto policy and regulatory hurdles saw many Indian crypto exchanges, including Zebpay, Coinome, Koinex, Cryptokart, and Coindelta closing down in the last couple of months, crypto exchanges from across the world are still hopeful about launching in India. London-based crypto exchange Cashaa, which professes to have notable traction in India, launched INR support for Ether, Bitcoin, and its own CAS cryptocurrency in October this year.

As its launch coincided with the festive season in India, Cashaa had launched INR deposits to trade Bitcoin, Ether, and Cashaa (CAS) for Indian residents, up to INR 1 Cr per month. Nonetheless, the minimum and maximum deposit amounts had been kept from INR 25K up to 10 lakh INR in a single transaction. The service fee was 3.49% for buy & 0.99% for sell for all the crypto available on the platform.

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