Unicas – a crypto friendly financial institution by Cashaa, has partnered with Bitbns cryptocurrency exchange to provide Indian crypto traders with advanced banking services.
The new partnership will enable Indian Bitbns users to become Unicas members and access their state-of-the-art banking services. Unicas banking services include- high interest savings accounts, crypto backed loans and debit cards that enable deposit and withdrawal in both crypto and fiat. Currently, Bitbns has over 1 million users trading on its platform.
The partnership comes amidst the rapid expansion plans by Unicas in India, announcing 14 physical branches in the next 45 days in which the branch in Rajasthan already went live on 28th December 2020. The brand further plans expanding to 100 branches over the period of 2 years.
“Partnering with Bitbns will lead our banking products to crypto users that are currently restricted to using crypto for only trading purposes. India has unlimited potential due to its large youth and middle-aged population who hold significant wealth. Since India is on the road to digitalization, we aim to be a part of this nation-wide ambition,” said Dinesh Kukreja, CEO and Managing Partner of Unicas.
Unicas will offer India’s first crypto debit card, allowing users to spend their cryptocurrency while making purchases. When making payments with a debit card, the conversion from crypto to INR will be directly executed on the Bitbns exchange. This will provide more liquidity to Bitbns and provide users with market priced exchange rates.
Gaurav Dahake, CEO of Bitbns stated “Bitbns has been using Cashaa’s services, and with this association every Bitbns Indian user will be able to access Unicas banking services. We are excited to introduce our loyal customers to Unicas and be a part of this revolution”.
“Cashaa is the banker of choice for crypto business around the world. Our mission is to create compliant and user- friendly products which grow the crypto ecosystem globally. With our partners and business customers around the world we are building the next generation banking platform to encourage the crypto adoption in their local market,” said Kumar Gaurav, Founder and CEO of Cashaa.
Unicas services will be available to Bitbns users from the 3rd of February 2021. In order to access the complete portfolio of Unicas services, staking of the CAS token will be required. The CAS tokens not only facilitate Unicas services in India, but also Cashaa’s global banking platform. Bitbns will list CAS with an INR pair. Trading will begin on the 12th of January 2021.
