Le Lézard
Classified in: Science and technology
Subjects: TDS, ACC, FVT

Cashaa Is Announcing It Will Enable Its Users to Buy and Sell BTC for INR From 23 October 2019


LONDON, Oct. 21, 2019 /PRNewswire/ -- Since Cashaa was founded in June 2016, a large part of its users has been based in India, which for the past years had a difficult relationship with cryptocurrency. Since July 2019, banks and other financial institutions have been forbidden to provide services related to cryptocurrencies, such as transacting with exchanges and other crypto businesses, similar to other parts of the world.

Buy crypto with INR through Cashaa

While access to crypto in India through banking no longer exists, Cashaa was able to find a solution.

On the occasion of Diwali, an Indian festival for wealth and prosperity, Cashaa will be enabling INR deposits and purchases of crypto in India for Indian residents, up to 1 crore INR per month.

With more than 5 Million crypto users in India currently left without any stable option, Cashaa expects many of them will opt for Cashaa including buying the required 2,500 CAS required to access the new service.

Other than solving a pressuring issue for crypto enthusiasts in India, the new service will also increase CAS utility, as it adds to the multiple CAS use cases: CAS holders worldwide can participate in the staking program for individual users and get a quarterly revenue share, personal and business users can pay for transaction fees and get a discount, business users can pay their onboarding fee and get access to the required account limits, complementary services, and more.

Since Cashaa's banking services launch in May 2019, CAS has become one of the few tokens with an increasing real-life utility with strong use cases, as Cashaa's crypto-friendly bank accounts have received a huge demand including more than 700 business signups, many of which are in the process of onboarding.

CAS is currently available at Binance DEX and Cashaa wallet.

For more information about Cashaa, see here.

Contact:
Janina Lowisz
+44-(0)7482670036

Cashaa Logo (PRNewsfoto/Cashaa)

SOURCE Cashaa


These press releases may also interest you

at 19:10
Liminal BioSciences Inc.   ("Liminal BioSciences" or the "Company"), a clinical-stage biopharmaceutical company focused on developing novel therapeutics to treat unmet needs in patients with liver,...

at 19:05
Cook Medical announced today that Jean-Marc Creissel has been named vice president and director of Asia-Pacific. In his new role, Creissel will lead the Asia-Pacific teams to transform Cook Medical into a truly modern global company with patients,...

at 19:05
Triton Digital®, the global technology and services provider to the digital audio and podcast industry, announced today that BFM, Malaysia's only independent business radio station, has selected Triton Digital to power the delivery, monetization, and...

at 19:00
PeopleStrong, Asia's leading Enterprise Work and HR Tech brand, has appointed former Aon Hewitt CEO Sandeep Chaudhary as President and member of the board. This appointment comes as a part of PeopleStrong's continuing effort to invest and drive...

at 19:00
INNOPIA Technologies, Inc, a Pay TV STB (Set Top Box) ODM specialized in STB software development including online entertainment service, has been selected as the first Korean ODM partner of Netflix for Hailstorm Hybrid program based on Android TV...

at 19:00
Validar Inc., a leading provider of event technology and sales enablement tools for conferences, events, and trade shows, today announced EventHubtm, an revolutionary attendee behavior tracking solution for tradeshows. EventHubtm, a cloud-based app...



News published on 21 october 2019 at 11:34 and distributed by: