World’s First Crypto-Friendly Branches in India

The Joint Venture of Cashaa and UNICAS, is building the world’s first crypto-friendly financial institution with physical branches and operations in Dec 2020.

• Open saving accounts with crypto wallets
• Loan against cryptocurrencies, gold, and real estate
• Invest in cryptocurrencies, Bonds, and fixed deposits
• Rapid expansion to over 100 branches by 2022
• Buy cryptocurrency with cash in physical branches

The JV will enable Cashaa to access The United’s regulatory licenses, its physical branches, and overall banking Infrastructure. This will build, scale and offer customized financial and crypto products for the local Indian markets.

UNICAS is enabling people to access traditional banking services along with crypto banking services both online and through its 22 physical branches across north India. The United’s existing branches will be transformed and modernized as Crypto Lounges.

Members can walk into any of these branches and get educated about Cryptocurrencies along with other Banking services. Initially account holders will be able to buy and sell Bitcoin (BTC), Cashaa (CAS), Ethereum(ETH), Binance (BNB), Bitcoin Cash(BCH), EOS, Litecoin (LTC) and Ripple(XRP) in cash or with the account balance in Indian Rupees. 

UNICAS is opening Crypto Lounges in Delhi, Gujarat, and Rajasthan covering a population of 150 million Indians living in these states. They are looking forward to expanding their footprints to other Indian states.

Currently, the United is providing savings accounts, cash deposits and withdrawals, multiple bonds, and investment products, and loans (home, gold, and consumer).

The JV will be the first regulated financial institution in the world with physical branches where users can access crypto products. By increasing the exposure to emerging technologies, they are aiming to rapidly expand to over 100 physical branches by 2021 and to employ thousands of skilled professionals in India. Account holders will also be able to use their cryptocurrencies as collaterals to take loans, like any other traditional loan given by banks.