Unicas plans to clock a transactional volume worth 1000 across and enter UP, Telangana this fiscal
NEW DELHI, Feb 10 (The CONNECT) - Unicas – the world’s first crypto financial institution with physical branches - has announced opening another branch in New Delhi. The new physical branch, based out of Connaught Place, will allow users to access banking services in both- fiat and cryptocurrency.
Cashaa, a global banking platform in partnership with United Multistate co-op society, had launched Unicas in India, to empower users with the freedom to transact in fiat and crypto through a single account.
The new branch is operational, and allows user to avail facilities including savings account, loan against crypto assets and cash deposit withdrawals.
Unicas accepts the CAS token as its native crypto. Users with higher portfolio balance in CAS get advanced banking services along with lower rate of interest for loans and much higher interest on savings balance.
“Since Unicas launch in India, we have received an overwhelming response from users,” said Dinesh Kukreja- CEO of Unicas.
“Our primary agenda was to also spread awareness about crypto, and share more knowledge, additionally making people familiar with the technology. We have attained the objective to a certain extent, however, to further proceed in this direction we are expanding our footprint through physical branches. Being physical do not mean we are not online, our major customer acquisition is online, while our branches are creating trust in the masses and allowing less tech savvy people to become the part of the Crypto revolution,” said Kukreja.
Unicas has its presence in Gujarat, Rajasthan and Delhi, and this year it plans to foray into UP and Telangana markets, too. With the currently operational physical branches the brand has already witnessed a transactional volume worth INR 150 crores.
By the end of the fiscal 2022-23 it plans to clock a transactional volume worth 1000 across.
Cashaa aims to revolutionize the fintech space by banking the global crypto economy. Cashaa is the biggest community of crypto business, more than 350 crypto brands including industry leaders like Binance, Kucoin, Elrond, Polygon, Bitbns, CoinDCX, Unocoin, CoinSwitch and many others are using Cashaa services. In addition to the Unicas in India, Cashaa will be rolling out its services for personal users across the globe.